Nonbanks accounted for 65.2% of the residential mortgages originated in 2024. All of the top five lenders were nonbanks and they all gained market share. (Includes two data tables.)

Nonbanks are offering discounts ahead of a spring homebuying season filled with uncertainty.

The MBA has offered a number of suggestions on the New York Department of Financial Services’ proposed CRA requirements for nonbanks.

The elimination of eligibility of non-permanent U.S. residents for FHA loans could leave FHA lenders liable for mistakes made when certifying a borrower’s residency status.

Previously-fired probationary employees at HUD are stuck in an administrative leave purgatory awaiting a court decision, while rumors continue to circulate of field-office closures.

FHA should limit borrowers to qualify for one permanent home-retention option every 18 months to cut costs to its insurance fund and help borrowers maintain equity, MBA and others said in a letter to HUD.

The website streamlining effort included a roughly 90% reduction in content, leaving broken links in its wake.

Court rules in favor of Ginnie in Texas Capital Bank lawsuit; Rate waives “unnecessary fees” for VA loans; FHA waives reviews of EPD in disaster area; HUD revokes lender’s DE authority in New Orleans.

Brian O’Shaughnessy, the former co-CEO of Rama Capital Partners, launched ARDRI to provide a mix of the latest technology and customer-focused operations for non-QM mortgage brokers.

A change in FHA lending requirements could lead to more non-permanent residents using non-QM options.