ICE says its merger with Black Knight will lead to solutions that simplify the mortgage experience for investors, lenders and borrowers.

Credit unions produced $53.31 billion of mortgages in the first half of 2023, a 52.9% decline from the same period a year ago. (Includes data chart.)

A provider of directors and officers insurance is on the book for an $18 million payout tied to Guaranteed Rate’s settlement with the DOJ over charges under the False Claims Act.

California had more than double the amount of originations by nonbanks in 2022 compared with any other state. The refi share of originations by nonbanks in California was also elevated. (Includes data chart.)

Many homeowners find the cost of investing in flood mitigation tools outweighs their perceived individual risk. A study funded by Fannie Mae suggests developing a pilot program to address the issue.

Fannie provided details on how to initiate effective prefunded quality control, which can help to prevent buybacks.

Ginnie Mae President Alanna McCargo said the agency needs more Congressional support in the form of funding for staffing and other issues.

Mortgage securitization rates remained at previous levels as new primary market production and MBS issuance grew at similar rates in the second quarter. (Includes data chart.)

The planned $223.7 million securitization includes home equity investment agreements originated by Unlock Technologies.

The reverse mortgage industry is lauding a recent Ginnie policy change designed to reduce liquidity pressures for issuers of MBS backed by FHA home equity conversion mortgages.