The Federal Housing Finance Agency is moving forward with its search to find a CEO to run the new common mortgage securitization platform that will one day be shared by Fannie Mae, Freddie Mac and, potentially, other issuers. But it’s anybody’s guess how much the regulator is willing to pay to get a top-flight candidate, according to industry observers. At least two individuals recently were approached about the job, according to these observers. Funding for the project will presumably come...

For as long as Edward DeMarco remains acting director of the Federal Housing Finance Agency, he said he will push forward with the agency’s strategic plan to wind down Fannie Mae and Freddie Mac while encouraging the return of private capital to the secondary market. DeMarco, along with FHFA Inspector General Steve Linick, testified before the Senate Banking, Housing and Urban Affairs Committee this week. The hearing to evaluate the FHFA’s conduct as regulator and conservator to the government-sponsored enterprises occurred amid reports that the White House is poised to nominate Moody’s Analytics’ Chief Economist Mark Zandi as the FHFA’s new permanent director. “Fannie Mae and Freddie Mac were chartered...

Although all of Bank of America earned $2.6 billion in the first quarter, its mortgage business lost money thanks to legacy problems. Also, it appears the bank is addicted to refis.

CEO candidates are being approached by the Federal Housing Finance Agency to run the new single-GSE MBS platform.

The industry is happy that the Home Affordable Refinancing Program has been extended, but it also means that 'HARP 3.0' might not come anytime soon.

It appears that Fannie Mae is dialing back on its plan to sell nonperforming residential loans.

Loan repurchases by seller/servicers fell last year, a sign that the worst of this problem may be over for the industry. Or is that wishful thinking?

Rep. Maxine Waters, the ranking minority member of the House Financial Services Committee, believes that now is "precisely the time to think about how we can reshape the secondary mortgage market."

It appears that well known economist Mark Zandi is indeed a candidate to head the Federal Housing Finance Agency. But will the White House actually nominate him?

The market for residential servicing rights is picking up a full head of steam with several packages out for bid.