MBA CEO Bob Broeksmit came to the defense of the FHA program and nonbank participants after the Wall Street Journal’s editorial board suggested nonbanks had engaged in risky underwriting under the government guarantee.

AI is being used across the compliance process to make reviews more efficient, according to industry experts who spoke on a podcast hosted by the Conference of State Bank Supervisors.

Seven of the top 10 GSE sellers saw a monthly decline in deliveries to Fannie Mae and Freddie Mac in July. (Includes two data tables.)

UWM accused Two Harbors executives of subversion, inaction and lies to stop its planned acquisition of the real estate investment trust.

New PMIERs tables assigning risk factors to loans based on credit scores and LTV ratios strongly resemble the GSEs’ LLPA tables.

The rating service is treating the $1.65 billion of equity provided by Oaktree Capital Management and the Ishbia family as debt for UWM rather than as equity.

Bayview acquired $28.91 billion in unpaid servicing principal balance during the quarter, a nearly 90% increase in bulk acquisitions compared with its activity in the first quarter.

MBS disclosures show that, from April to June, VantageScore 4.0 has only been used to qualify roughly $579 million in mortgages in Fannie Mae or Freddie Mac pools.

Despite its failed bid for Two Harbors, analysts expect United Wholesale Mortgage to continue its search for a servicing platform.

UWM’s 2021 decision to ban affiliated brokers from working with Rocket Mortgage may have temporarily led to a reduction in rates.