Three regional banks failed recently due partly to interest-rate risk. To avoid the same fate, mortgage companies of all stripes are being pushed to give up some profits to manage interest-rate risk.

Firms are building artificial intelligence-based tools for application in various stages of the mortgage process. Compliance concerns abound.

Nonbanks are using short-term warehouse funding to their advantage, ramping up capacity when needed and quickly reducing intake when originations dip, an analysis of nonbanks’ financial statements shows.

Since its last long-term authorization expired in 2016, the National Flood Insurance Program has undergone several short-term extensions.

GSEs set to adopt new credit scores in late 2025; Rocket’s credit card; new president at MISMO.

Mortgage repurchases by banks declined by 27% during the fourth quarter. Reserves tied to repurchases increased, suggesting that mortgage buybacks could go back up in 2023. (Includes data chart.)

The Federal Reserve is working to understand why it was unable to prevent the failure of Silicon Valley Bank and some Democrats in Congress are pushing for increased regulation of community banks.

FHFA economists suggest originators may have better pricing technology than Fannie and Freddie.

The mortgage market is losing some capacity as Impac Mortgage and Finance of America move away from traditional production. The moves follow steep losses at the companies in recent years.

Fannie Mae has announced alternative ways to determine a property valuation when a full appraisal isn’t necessary.