The Lede

Freddie Mac's 2015 10-K filing provides this week's chart. It demonstrates the degree to which new forms of back-end single family credit risk transfers, begun in 2013, have distributed credit risk.  

After years of dampened activity, home equity lending is making a comeback, said CoreLogic, Irvine, Calif.

The Mortgage Bankers Association presents the final webinar in a three-part series discussing new Federal Housing Finance Agency/Fannie Mae/Freddie Mac representation and warranty policies. Rep and Warrant Reform Part III: Resolution takes place Thursday, Mar. 3 from 2:00-3:00 p.m. ET.

Associated Press, Feb. 27, 2016 General Electric says the U.S. Department of Justice has subpoenaed the company as part of an industrywide investigation into subprime mortgage lending.

Napa Valley Register (Calif.), Feb. 26, 2016 A new bill introduced by state Sen. Mark Leno, D-San Francisco, would provide protections to widows and widowers who want to stay in their home, the senator's office said Thursday. But spokesman for the California Mortgage Bankers Association Dustin Hobbs said the bill poses a risk to lenders who would not be able to do necessary underwriting.

The Atlantic, Feb. 25, 2016--White, Gillian B. Today, home loans are consistently more expensive for black and Hispanic buyers than they are for white buyers. Why? Because banks and other lenders direct these groups toward high-risk, high-priced products.

National Mortgage News, Feb. 25, 2016--Finkelstein, Brad Amid growing scrutiny of how the hand-off of mortgages is managed after loan closings and bulk sales, servicers are working to automate the entire process to create a consistent and accurate onboarding experience for borrowers.

National Mortgage News, Feb. 25, 2016--Peters, Andy PHH Corp., Mount Laurel, N.J., reported a bigger loss in the fourth quarter, on costs to restructure its business and a loss on sales of mortgage servicing rights.

National Mortgage News, Feb. 25, 2015--Collins, Brian Understanding how consumers pay their debts over time is expected to widen access to credit for consumers recovering from financial problems or who were hard to score before. Just how many it will benefit is an open debate.

HousingWire, Feb. 25, 2016--Swanson, Brena Nationstar Mortgage Holdings' fourth quarter adjusted earnings were $34 million, or 32 cents per share, compared to $32 million, or $0.30 per share, for the third quarter. The increase was driven primarily by sequential improvement in servicing profitability and strong originations earnings.

HousingWire, Feb. 25, 2016--Swanson, Brena Fannie Mae announced it named New Jersey Community Capital, a non-profit Community Development Financial Institution, as the winning bidder on the company's second Community Impact Pool of non-performing loans.

HousingWire, Feb. 24, 2016--Lane, Ben The Consumer Financial Protection Bureau wants the financial industry to think of it as "an important new friend and ally" in helping to serve the financial needs of the public, as CFPB Director Richard Cordray told the Credit Union National Association.

Reuters, Feb. 24, 2016--Freed, Dan Wells Fargo continues to face federal and state mortgage probes, even after the $1.2 billion settlement it reached in early February to resolve claims of misconduct related to mortgages insured by the Federal Housing Administration.

New York Post, Feb. 29, 2016 Ocwen Financial is again being probed by regulators over fees and expenses related to liquidated loans and bank-foreclosed properties, the company said in a regulatory filing on Monday.

National Mortgage News, Feb. 29, 2016--Sinnock, Bonnie After imposing a virtual moratorium on adding new issuers, Ginnie Mae is again accepting applications from mortgage companies seeking to pool loans for securitization and servicing.

National Mortgage News, Feb. 29, 2016--Passy, Jacob Ocwen Financial Corp. and Walter Investment Management Corp. both recorded full-year losses in 2015, though that is where comparisons between the two companies cease.

HousingWire, Feb. 29, 2016--Swanson, Brena The results for the 2016 Oscars are in, and The Big Short won Best Adapted Screenplay. But despite the new Hollywood proof that the film is impressive, it doesn't mean that the movie is the most accurate source for how the financial crisis unfolded.