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The firm also repurchased approximately 7 million shares‒‒worth about $250 million‒‒of its common stock in the quarter. According to the statement, Morgan Stanley stock leapt from 74 cents per share to $1.18 between the first quarters of 2014 and 2015. The firm plans to repurchase as much as $3.1 billion of common stock through the end of Q2 2016.

Fannie Mae’s software upgrade is part of an effort it’s been rolling out since the beginning of the year. The GSE introduced Collateral Underwriter to the market in January and has nearly 800 lenders registered as users already, according to the Monday announcement. For some, the new system makes immediate and obvious sense.

Adapting automation technology on a timely basis to help lenders weather increasing regulatory demands, meet mandates and stay ahead of the competition relies on a solid workflow management foundation.

How the Mortgage Insurance Industry Traded Its Unwieldy Paper System for Sleek Digital Processing. Editor's note: This select print feature appeared in the April 2015 edition of MReport magazine.

The Atlanta-based bank reported $411 million in net income, or 78 cents per share, which translates to a 7 percent increase over Q1 of 2014 and $33 million more than in Q4.

A core argument of the report is that the government’s attempt to handle the economic disasters of the past several decades have resulted in a bloated and redundant regulatory infrastructure that has made a mess of its own efforts to police the nation’s financial system.

Purchase mortgage applications rebounded sharply in April from a recent slowdown, reaching their highest level in almost two years, marking the second monthly surge in purchase apps this year. Combined with continued low mortgage rates, the rise in purchase apps could indicate a strong homebuying season in the spring and summer.

Quicken, the largest lender of Federal Housing Administration mortgage loans in the country, filed its suit in the U.S. District Court for the Eastern District of Michigan against the U.S. Department of Justice and the Department of Housing and Urban Development, claiming the agencies have been trying to bully the company into making “blatantly false” statements and demanding the company pay “an inexplicable penalty or face legal action,” according to a statement released by Quicken Friday.

Following weeks of debate over whether the Federal Housing Finance Agency (FHFA) would be lowering its fees to guarantee mortgages backed by Fannie Mae and Freddie Mac, the ...

In order to prevent these losses in the future, the GSEs moved to strengthen their financial requirements of approved PMI insurers, thus reducing overall risk. The new requirements will ensure that PMIs can meet their agreed-upon obligations regardless of current economic conditions or the marketplace.