The warehouse lending business remains profitable but there are concerns, namely a reduction in the number of nonbank mortgage companies due to M&As.

The American Bankers Association noted that while the 1995 CRA framework isn’t perfect, it’s more workable than the final rule issued in 2023.

CrossCountry Mortgage allegedly paid a North Carolina real estate brokerage $15,000 a month to have all of its clients referred to the lender.

The settlement is tied to practices Cypress engaged in while operating as a direct mortgage servicer under the name Rushmore. Cypress has since rebranded as a master loan servicer.

The GAO alleged that the CFPB acting director’s decision not to request full funds available from the Federal Reserve constituted an illegal withholding under the Impoundment Control Act.

Industry insiders worry that mixed signals from the Trump administration makes complex decisions, like ending the conservatorship, more difficult.

The FHFA director detailed his priorities for the GSEs at a webinar this week.

The CHOICEHome product, previously only available for multisection factory-built homes, is now available for single-wides. It’s expected to improve housing options in rural and underserved areas.

The GSEs will now be able to invest a combined $4 billion a year in LIHTC affordable housing tax credits. At least half of that investment must be in difficult-to-serve LIHTC communities.

Fannie Mae posted an “illustrative” return on equity of 9.5% during its second-quarter earnings call last month. But that was based on the enterprise’s required capital rather than the capital actually on hand.