The Lede

The Mortgage Bankers Associaton's Mortgage Action Alliance issued a Call to Action yesterday, urging its members to support newly introduced legislation that would curb congressional use of credit guaranty fees, also known as g-fees.

DALLAS--Even with the default crisis behind us, servicers large and small, bank and independent, struggle with cost containment.

Fannie Mae, Washington, D.C., and Freddie Mac, McLean, Va., finished 2016 with more than $112 billion in combined multifamily volume.

In an appearance Feb. 24 on CNBC's Squawk Box, Mortgage Bankers Association President and CEO David Stevens, CMB, said he was encouraged by Treasury Secretary Steven Mnuchin's comments favoring a legislative solution the government-sponsored enterprises.

DALLAS--Even with the default crisis behind us, servicers large and small, bank and independent, struggle with cost containment.

DALLAS--Even with the default crisis behind us, servicers large and small, bank and independent, struggle with cost containment.

MBA Education and the MBA Compliance Essentials program present a new webinar, Update and Overview of Recent RESPA Consent Orders, this Thursday, Mar. 2 from 2:00-3:30 p.m. ET.

Bloomberg, Feb. 23, 2017--Joe LightU.S. Treasury Secretary Steven Mnuchin's seriousness about overhauling the nation's $10 trillion mortgage market will soon be tested. A federal appeals court Tuesday dealt a blow to hedge funds that own Fannie Mae and Freddie Mac shares, ruling that investors weren't entitled to billions of dollars of profits.

Mortgage Daily, Feb. 27, 2017Mortgage servicing rights are for sale on over $1 billion in government-sponsored enterprise loans with a California concentration.

HousingWire, Feb. 27, 2017--Kelsey RamirezOn Friday President Donald Trump continued his criticism of the Dodd-Frank Wall Street Reform and Consumer Protection Act, saying that the law prevents banks from lending.

Wall Street Journal, Feb. 27, 2017--Ryan Tracy (subscription)A group of former senior regulators and academics is warning against efforts to deregulate the financial system, issuing a statement Monday that argues financial institutions today are even more at risk of losses during an economic downturn than in the past.

National Mortgage News, Feb. 24, 2017--Jacob Passy (subscription)Ocwen Financial Corp. has reserved $12.5 million to put toward a potential settlement with the Consumer Financial Protection Bureau.

Mortgage Daily, Feb. 24, 2017First American Financial Corp., which reported the index Friday, noted that it was the second consecutive month-over-month increase.

HousingWire, Feb. 24, 2017--Ben LaneIf Fannie and Freddie reform does take place, one of the beneficiaries could be private capital, which has been largely absent from the mortgage market since the crisis.

HousingWire, Feb. 24, 2017--Brena SwansonThe order directs federal agencies to make "regulatory reform" task forces, which will evaluate federal rules and recommend whether to keep, repeal or change them.

Mortgage Daily, Feb. 23, 2017In the third quarter of last year, the country's residential lenders generated $505.2 billion in mortgage production, VantageScore Solutions LLC said.

National Mortgage News, Feb. 23, 2017--Ian McKendry (subscription)The Consumer Financial Protection Bureau's arbitration rule will likely be overturned by Congress if the agency moves ahead with finalizing it.

National Mortgage News, Feb. 23, 2017--Brad Finkelstein (subscription)Teresa Bryce Bazemore, president of Radian Guaranty, will retire from the private mortgage insurer at the end of April.

Mortgage Daily, Feb. 21, 2017PNC Real Estate/Midland Loan Services serviced 32,559 CRE loans with an aggregate principal balance of $517.522 billion as of Dec. 31, the Mortgage Bankers Association said.

Mortgage Daily, Feb. 22, 2017Despite a drop in quarterly loan production, Nationstar Mortgage Holdings Inc.'s servicing portfolio grew and earnings exploded.

Mortgage Daily, Feb. 22, 2017Quarterly originations slipped at Caliber Home Loans Inc. But servicing and staffing expanded.

National Mortgage News, Feb. 22, 2017--Jacob Passy (subscription)Ocwen Financial Corp. reduced its net loss in the fourth quarter, a reflection of the company's efforts to reduce expenses.

Mortgage Daily, Feb. 22, 2017--Sam GarciaMichael Hollerich, who oversees compliance at Ocwen Financial Corp. has had his work cut out for him since taking the job nearly two years ago. In an interview, he talked about overhauling compliance.

Wall Street Journal, Feb. 22, 2017--James Mackintosh (subscription)It is 10 years since the U.S. subprime crisis began, and everything is wonderful on Wall Street.

National Mortgage News, Feb. 22, 2017--Kate Berry (subscription)The Consumer Financial Protection Bureau is set to face its first jury trial in April in what is shaping up to be a critical test of the agency's authority.

HousingWire, Feb. 21, 2017--Brena SwansonBattling alongside PHH is State National Bank of Big Spring, Texas. And while it's a lesser-known case, it harbors a similar grudge against the Consumer Financial Protection Bureau, with a lot of its fate resting in the outcome of the PHH case.

Wall Street Journal, Feb. 21, 2017--Aaron Back (subscription)Investors suing the government over its management of Fannie Mae and Freddie Mac suffered a stinging defeat on Tuesday. The court ruling largely settles one significant question about the companies' future, but their ultimate fate remains unclear.

National Mortgage News, Feb. 21, 2017--Brad Finkelstein (subscription)"In the grand scheme of things, it looks like a little blip," but it is too early to see if that could be the start of a larger trend, said Marina Walsh, MBA vice president of industry analysis.