The unprecedented concentration of Black women leadership in the housing finance industry is an opportunity to make changes that have been long overdue, according to Ginnie Mae President Alanna McCargo.

The $249.2 million issuance from the Israeli fintech firm is backed by one loan.

After a historic nosedive in the first three months of 2022, primary mortgage originations recorded a less severe slump the second quarter.

Under the initiative, the Department of Housing and Urban Development will also increase trainings for CDFIs to become FHA-approved lenders.

The Federal Open Monetary Committee said it also plans further reductions in its holdings of mortgage-backed securities.

The proposed consent order with the Pennsylvania-based mortgage lender, if entered by the court, would be the CFPB’s first redlining resolution with a nonbank.

Trade groups amplify concerns as the end of suspension of the PSPA limits approaches.

Though two prominent nonbank lenders shuttered recently as the refi business slows, there are currently few concerns about the potential for widespread failures of nonbanks.

In its final days, it appears that non-QM originator Sprout Mortgage had an IRS matter it was trying to work out. Current status: Unknown.

The federal government should move forbearance to the front of the loss-mitigation waterfall, researchers at the Urban Institute proposed. A similar policy during the pandemic did more good than harm, they found.