Private insurers will assume the credit risk on up to $926 million in mortgage losses.

As is so often the case with efforts to improve institutional diversity, progress on inclusiveness at FHFA has been mixed.

Loans sales by banks and thrifts outpaced originations of mortgages marked for sale for the third consecutive year in 2022. The sales boom looks to be coming to an end as loans held for sale dwindle. (Includes two data charts.)

Sale chatter has been following Home Point and its MSRs for several months now but with no deal in hand. Still, a resolution could be moving closer.

Three regional banks failed recently due partly to interest-rate risk. To avoid the same fate, mortgage companies of all stripes are being pushed to give up some profits to manage interest-rate risk.

Firms are building artificial intelligence-based tools for application in various stages of the mortgage process. Compliance concerns abound.

The unsecured debt of several nonbanks continues to trade below par, but in general has held up fairly well. However, not for loanDepot.

Nonbanks are using short-term warehouse funding to their advantage, ramping up capacity when needed and quickly reducing intake when originations dip, an analysis of nonbanks’ financial statements shows.

Since its last long-term authorization expired in 2016, the National Flood Insurance Program has undergone several short-term extensions.

Consumer Financial Protection Bureau Fair Lending Director Patrice Ficklin said the bureau would continue enforcing the Regulation B protections for prospective applicants.