Having passed unanimously in the Senate in December, the bill now needs only the president's signature to become law.

The Federal Housing Finance Agency said it was looking for a "responsible solution" to the issue of mortgage debt reduction.

Foreclosures are way down and many housing fundamentals are at pre-crisis levels. But for those borrowers still facing foreclosure or at risk of defaulting, permanent loan modification remains a popular option.

Nicole Harmon, VP of Foreclosure Mitigation Programs at Neighborworks America, recently spoke with DS News about what the milestone of counseling two million homeowners through the NFMC means for the mortgage industry.

Existing-home sales were way down in February, but the data from the National Association of Realtors shows that investor activity in the market is on the rise.

The Fed announced earlier this week that economic growth was not sufficient enough to raise the federal funds rate. The GDP estimate was a mere 0.7 percent for the "advance" estimate for Q4 and just 1.0 percent for the second estimate; what will the third estimate hold?

Recent studies revealed that many Americans do not have any credit and in many cases do not even know what a credit score is.

According to Comptroller of the Currency Thomas Curry, "Innovation has been a hallmark of the U.S. banking system since it was created in 1863 at the behest of President Lincoln."

Treasury has created a three-pronged safety net to help HAMP borrowers handle step-ups and avoid re-defaulting when their five-year modification expires.

It has been a big week for credit risk transfer transactions. Earlier this week, JPMorgan Chase announced a $1.9 billion residential mortgage-backed securities deal, and now Fannie Mae has announced its largest deal to date.