If ever there was a Horatio Alger story for the mortgage industry it’s Angelo Mozilo, the co-founder of Countrywide Financial. The recently deceased Mozilo proved that nonbanks could compete with the megabanks. Then the subprime crisis happened.

During the annual conference of the National Fair Housing Alliance this week, stakeholders outlined appraisal reform efforts.

Homeowners are waiting out the high-interest rate environment before considering selling.

After FHFA required the GSEs to provide translated mortgage documents, limited English proficient borrowers’ experiences improved, new research shows.

Federal regulators are expected to propose new capital requirements for big banks; DOJ and FTC propose new guidance on mergers.

The mortgage layoff streak has ended, thanks in part to improving originations in the second quarter. But don’t look for a V-shaped recovery in the numbers. The Federal Reserve still controls the table.

A $9.9 billion fund established by the federal government to help borrowers avoid foreclosure is seeing growing use. Some $1.2 billion in funds from the Homeowner Assistance Fund were distributed in the first quarter.

FHFA wants the authority to suspend counterparties that have been sanctioned by other federal or state regulators. The agency argues that the outcomes of certain civil actions are analogous to criminal convictions.

The Consumer Financial Protection Bureau’s funding structure is unconstitutional, a bevy of new amicus briefs argue. But they part ways on how to remedy the problem.

Rate lock volume continues to tumble in 2023, with the biggest declines coming from locks on rate-term refinance loans.