The Federal Reserve and Treasury Department are on a path to reducing capital requirements for banks, large and small. The motivation includes the shift seen in mortgage lending toward nonbanks following the 2008 crisis.

After working for more than two years toward a spinoff of Newrez, Rithm Capital paused the effort and will invest in the mortgage unit.

Removing the capital gains tax on home sales wouldn’t necessarily be an effective method of increasing housing supply, and effects on the mortgage market would be limited, according to industry analysts.

A district court ordered HUD to develop a plan to disburse Fair Housing Initiatives Program grants before the funding lapses on Sept. 30.

The Indiana-based bank reported a sharp drop in net income in the second quarter tied to multifamily mortgages involved in suspected fraud.

The shift comes amid a slowdown in home price appreciation. Officials at the REIT said aggregation volume remains steady.

As whispers of mortgage fraud are hitting Baltimore and surrounding markets, some lenders are acting with caution.

PennyMac continues to push ahead with non-agency MBS issuance despite volatility during the second quarter.

In a rare move for a bank, the majority of Royal Business Bank’s mortgages are non-QMs. The bank is headquartered in Los Angeles and operates across six states.

New York Mortgage Trust acquired the business-purpose loan originator last week, after already owning a stake in the company.