Fannie's and Freddie's long-awaited plans show good intentions...

As loan volumes head south, more potential buyers are slated to come out of the woodwork, but don’t expect any premiums to be paid. We found at least two mid-sized shops that are in the hunt for deals.

For years, the number of subservicing contracts has proliferated. But with loan production falling, there is less of a rush to use outsourcing vendors. Some lenders may even move the function inhouse. (Includes data chart.)

Fannie Mae and Freddie Mac are leaning on special purpose credit programs to offer better access to housing finance for Black and Latino borrowers.

The reason, United Wholesale Mortgage told employees, was to avoid legal bills and long-drawn court proceedings.

Freddie researchers find extensive overlap between manufactured home-friendly localities and mortgage-ready residents.

After a respite of sorts, the insatiable appetite for mortgage servicing rights revives. Meanwhile, Better.com and its founder find themselves on the wrong end of a civil damages claim.

A five-plus year veteran of Better.com, Pierce was fired by Better in February of this year.

June could see an improvement in issuance but it likely won't be huge...

Overall, the 21 shops reported a loss of $1.27 billion from mortgage production activities in 1Q22...