Rep. Maxine Waters, D-CA, reintroduced a package of bills aimed at affordable housing.

The vast majority of FHA originations end up in Ginnie Mae mortgage-backed securities.

“Regional banks would usually balance sheet a lot of [non-QM] borrowers, but they’re contracting due to their risk exposure,” said Samuel Bjelac, the new senior vice president, national sales, third-party originations, at Carrington Mortgage Services.

Legislation to limit trigger leads was introduced in the House with bipartisan support.

Issuance in 2022 was helped by lingering loans from the refinance wave while mortgage originations were down sharply in 2023.

Rithm is in the process of buying Specialized Loan Servicing. The sale should close by March 31.

NYCB recently took unexpected losses on its commercial lending and passed an asset threshold that prompts increased scrutiny by federal regulators.

The price of preferred shares in Fannie Mae shot up to $4.57 a share in the wake of former President Trump’s victory in the Iowa caucuses.

NewRez said AI can analyze customer data and preferences to recommend suitable products.

The American Bankers Association, U.S. Chamber of Commerce and the Independent Community Bankers of America, among others, allege the new CRA requirements violate the Administrative Procedure Act.