FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
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White House supports state probe of mortgage industry

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The White House supports a proposed state investigation into the mortgage-servicing industry over foreclosure proceedings but is against a moratorium on foreclosures, White House Press Secretary Robert Gibbs said Tuesday. Gibbs said the White House supports getting to the bottom of problems in the foreclosure process but is wary of "unintended consequences to a broader moratorium." Such a ban on foreclosure proceedings could threaten the housing recovery, Gibbs said. As many as 40 states attorneys general are expected to announce a probe into the mortgage-service industry Wednesday, The Wall Street Journal reported Monday. Mortgage servicers, which includes units of major banks such as Bank of America Corp. (BAC), have faced allegations that they submitted fraudulent documents in foreclosure proceedings.

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