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The U.S. move rate has continued to stay at about 12 percent since 2008. This rate has held steady between 11.5 and 12.5 percent, and about 1 in 9 people moved between 2013 and 2014. That’s an estimated 35.7 million people who migrated over the U.S. during that year.

According to the letter, the senators feel the CSP should have an “open architecture” that gives access to private industry and does not limit the CSP to been an appendage to GSEs. Opening the CSP will “enhance the ability for small and mid-sized lenders to access the secondary mortgage market and facilitate greater competition in this market going forward,” the letter said.

A policy allowing consumers to publicly share their stories when submitting complaints to the CFPB was first proposed by the Bureau in July 2014. After months of receiving comments from consumer groups, trade associations, companies, and individuals, theCFPB finalized its consumer narrative policy on Thursday.

Gardner has held leadership positions at the National Community Stabilization Trust (NCST) and the affordable lending operation at some of the nation’s leading mortgage lenders. This is experience is why Freddie Mac believes Gardner will bring significant experience and a great depth of knowledge to the role.

More than 2,200 homeowners who had mortgages with SunTrust and lost their homes to foreclosure in the past few years are eligible to a cash settlement worked out by the North Carolina Attorney General’s Office. North Carolina’s portion of the payout is about $21.5 million. Claim forms were mailed this week, and homeowners have until June 4 to submit a claim. The average payment will be around $850, according to Attorney General Roy Cooper.

Features of the 2015 Five Star Government Forum included keynote addresses from U.S. Congressman Randy Neugebauer (R-Texas), Fannie Mae SVP and Chief Economist Doug Duncan, and Freddie Mac Deputy Chief Economist Len Kiefer as well as Five Star President and CEO Ed Delgado's one-on-one interview with Acting FHA Commissioner Biniam Gebre.

Compared to the first and fourth quarter of last year, results show more lenders expect mortgage demand and their profit margin to grow over the next three months. Of the senior mortgage executives surveyed, 69 percent said they felt the economy was on the right track.

Despite removing the “patient” policy, the Federal Open Market Committee remained steady on the belief that interest rates will not increase by their April meeting. Fed Chair Janet Yellen emphasized in a press conference following the meeting, the removal of the pledge doesn’t mean Fed rates will increase by June.

According to Ocwen, the portfolio consists of approximately 55,000 performing loans owned by Freddie Mac. The transaction is subject to approval by Freddie Mac and its conservator, the Federal Housing Finance Agency (FHFA), as well as other customary conditions. Ocwen reported that it expects the transaction to close by April 30, 2015, and expects the loan servicing to transfer in May 2015.

The home donation program will be featured at the 2015 Five Star Conference and Expo, which will take place September 16 to 18 in Dallas, Texas. Five Star has partnered with various non-profit organizations over the last four years to provide approximately $4 million worth of homes to service members. At last year's conference, Five Star presented six wounded veterans with mortgage-free homes.