Sen. Bob Corker's, R-Tenn., "Jumpstart GSE Reform" package would reverse the recent Fannie Mae and Freddie Mac CEO compensation increase and prohibit the U.S. Treasury from selling or otherwise disposing of its shares in the government-sponsored enterprises without Congressional consent. The bill was fast-tracked in the Senate, but now Sen. Sherrod Brown, D-Ohio, reportedly placed hold on the package.

Peter Morici, an economist and business professor at the University of Maryland, does not expect mortgage rates to rise substantially if a Fed rate hike is announced.

Sen. Elizabeth Warren, D-Mass., is withdrawing her support for a Republican bill that had been on the fast track to bar the Treasury Department from selling Fannie Mae and Freddie Mac preferred shares.

The dollar held close to a three-week low against a basket of major currencies on Monday ahead of this week's Federal Reserve meeting, as investors bet interest rates would be kept at their record lows until at least December.

USAA Mortgage today announced it is relocating 120 positions in its Addison, Texas office to its offices in Phoenix and Tampa, Fla.

A continued decline in Federal Housing Administration lending to those with less-than-perfect credit has led many, including ourselves, to suspect that the way FHA evaluates lender performance has had at least a partial role in restricting access to mortgages. But FHA's new "Supplemental Performance Metric" announced recently could open up lending to borrowers with lower credit scores.

A new report from CoreLogic identifies 14 of the top 100 markets in the U.S. as currently overvalued, double the number as of the end of the first quarter.

For more than 60 years, industry professionals have looked to the Mortgage Bankers Association's School of Mortgage Banking to give them a solid foundation of industry knowledge.

MBA Education presents Mortgage Banking Bound--Careers in Mortgage Lending, with upcoming courses this fall.