Strong refinance business offset a decline in new primary MI coverage on purchase mortgages during the fourth quarter. Default rates and losses were on the upswing. (Includes four data tables.)

The Federal Reserve will soon issue proposals revising capital requirements set under the Basel framework in a way that could increase bank involvement in mortgage originations and servicing.

Pennymac’s deep expertise in servicing its own book of business uniquely positions the company to acquire subservicing giant Cenlar, according to industry analysts.

Delinquencies continue to rise but industry participants stress there’s no cause for concern. They pointed to a change in FHA loss-mitigation policies during the fourth quarter and “market recalibration.” (Includes two data tables.)

The Department of Veterans Affairs is developing policy to support the partial claim program authorized by Congress last year, according to the executive director of VA’s Loan Guaranty Service.

Servicers are doubling down on their recapture strategies, but to an extent they might be racing the clock as borrowers lose satisfaction with their servicer over time, industry leaders said this week.

House Republicans said they’re drafting legislation that would end the conservatorships of Fannie Mae and Freddie Mac.

David Neylan, president and chief operating officer at Guild Mortgage, said there is no quick fix to make homebuying more affordable.

Mortgage industry generally supports the proposal’s efforts to withdraw HUD’s discriminatory effects regulations.

Refi originations increased by 96.8% on a quarterly basis in the fourth quarter of 2025. For the full year, refi volume was up 61.2% while purchase-mortgage lending increased by 2.4%. (Includes five data tables.)