Silicon Valley Bank failed after complications involving funding provided to the bank by the Federal Home Loan Bank system and the Federal Reserve. MBS holdings also played a role in the bank’s failure.

Speakers on a recent dv01 panel said unemployment would be a key factor in performance moving forward. Unsecured consumer loans are demonstrating some weakness, while auto performance is normalizing.

In a new book, James Lockhart, FHFA’s first director, outlines the events leading up to the conservatorship of Fannie Mae and Freddie Mac. More than a decade later, the events and debates are still relevant.

Information technology upgrades at Ginnie Mae can play a key role in helping transform the housing ecosystem, according to the agency’s chief information officer.

The MBS held by two failed banks will soon hit the market; specified pool trades hit record level in March; Fannie increases disclosures on multifamily MBS; LIBOR to live on in synthetic form.

Monthly business volume was up in March, and a handful of sellers grew their agency single-family production in an otherwise calamitous start to the new year. (Includes two data charts.)

Mortgage rates are starting to come down a bit, but the first quarter of the new year was a challenge for most. The worst of it, hands down, was January, with February seemingly brighter.

Federal banking regulators can take actions to address issues among regional banks without legislation from Congress, the Biden administration said in a statement. Bank trade groups asked for a wait-and-see approach.

In a policy statement, the CFPB explained its understanding of the Consumer Financial Protection Act’s abusive acts and practices standard.

The updated UAD is supposed to improve the accuracy and efficiency of the appraisal process, but lenders worry it will add significant costs to the mortgage process.