When rates increased substantially in the first quarter, many nonbanks moved aggressively to mark up the asset value of their MSR portfolios. There’s nothing wrong with that, but the volatile nature of servicing makes regulators nervous. (Includes data chart.)

Thompson was confirmed on a vote of 49 to 46.

Spreads on interest rates between jumbos and conventional-conforming mortgages are at some of the widest levels ever seen, driven by uncertainty on monetary policy and strong demand from banks for jumbos.

The SEC has a proposed rule that would mandate climate-related disclosures. The Federal Housing Finance Agency and federal banking regulators are also incorporating climate-change assessments.

Despite a significant decline in indictments and convictions, the FHFA IG’s Office of Investigations secured more than six times as much in restitution than in the prior period.

Even before Julia Gordon took oath as FHA commissioner last week, industry participants were reaching out with calls for action.

The trade group said allowing companies using AVMs to adopt and maintain their own policies and practices would better recognize differing business models and levels of AVM usage.

Citi’s Sandy Furlow will help Industrial Bank, a minority depository institution, build strong controls for its future growth within the mortgage business.

Much of the White House plan to increase housing supply has been cribbed from the enterprises' duty-to-serve plans.

In its annual report, the bureau highlights recent enforcement actions.