U.S. Bank fined; debt collection FAQs updated; auto lenders reminded of military family protections; NFHA fights BofA’s attempt to dismiss discrimination case; CFPB to require banks to refund money transfer scam victims; Rep. McHenry criticizes alternative data mortgage bill; House Republicans request documents on state AG-CFPB relationships.

The timing of credit-related benefits and losses affected the profits of Fannie and Freddie in the first half of 2022. (Includes data chart.)

WI certificates are expected to become the primary way for investors to acquire the A-M and A-2 classes of Freddie’s signature K-deals.

The two transactions leave insurers on the hook for a combined $1.02 billion in losses.

HR veteran Katie Jones has joined the enterprise from PRA Group, a global debt collections firm based in Virginia.

Dennis Hermonstyne named as CCO at the GSE.

Only $2.58 billion of delinquent mortgages were repurchased from Ginnie MBS in the second quarter, a 65.4% decline from the previous quarter.

Historically, a recession has been defined as two consecutive quarters of a drop in the GDP.

The Inflation Reduction Act of 2022 doesn’t approach the level of funding for housing that was included in last fall’s Build Back Better version of the reconciliation bill.

Mortgage earnings declined across a group of 24 banks in the second quarter of 2022 as rising interest rates continued to eat into originations and margins. The outlook for the third quarter isn’t great either. (Includes data chart.)