There's disagreement between mortgage lenders and PACE lenders on the need for ATR standards.

Consumer complaints filed with the CFPB regarding credit reporting were sharply up in the six months ending June from a year ago. Criticisms about mortgages and student loans saw declines. (Includes two data charts.)

A CFPB proposal to set ability-to-repay requirements for PACE lending has support from mortgage lenders. However, PACE lenders and eight Republican state attorneys general have warned the proposal would lead to the end of PACE lending.

Bank portfolios of mortgage servicing for others contracted slightly during the first quarter. Also, the ratio measuring MSR fair value against the UPB serviced for others continued to drop after peaking in the third quarter of last year. (Includes data chart.)

Improvements in loan performance were seen across Fannie Mae, Freddie Mac and Ginnie Mae.

Total delinquencies declined in the first quarter led by the drop in early-stage defaults. However, the delinquency rate on loans 30-59 days past due still accounted for more than half of the total default rate. (Includes data chart.)

The private MI share of purchase mortgages with primary mortgage insurance hit 48.4% in the first quarter of 2023.

The share of mortgages with low credit scores delivered to Fannie Mae and Freddie Mac declined during the first quarter. Loans from the lowest-risk category accounted for 64.35% of the GSE business. (Includes two data charts.)

Private mortgage insurers gained market share in the agency purchase market during the first quarter, even as securitization of insured mortgages declined. (Includes two data charts.)

The government-sponsored enterprises purchased a relatively smaller proportion of home loans with lower credit scores in early 2023.