Monthly business volume was up in March, and a handful of sellers grew their agency single-family production in an otherwise calamitous start to the new year. (Includes two data charts.)

Mortgage rates are starting to come down a bit, but the first quarter of the new year was a challenge for most. The worst of it, hands down, was January, with February seemingly brighter.

Federal banking regulators can take actions to address issues among regional banks without legislation from Congress, the Biden administration said in a statement. Bank trade groups asked for a wait-and-see approach.

In a policy statement, the CFPB explained its understanding of the Consumer Financial Protection Act’s abusive acts and practices standard.

The updated UAD is supposed to improve the accuracy and efficiency of the appraisal process, but lenders worry it will add significant costs to the mortgage process.

Industry stakeholders have welcomed the FHFA’s plan to make payment deferrals a regular part of loss mitigation. MBA suggested more standardization of workout options is in order.

Don’t like the bids you received for your mortgage company in a tough market? Maybe the easiest (and safest) thing to do is self-liquidate and keep the cash that was on the balance sheet.

The Federal Home Loan Banks should do more to fulfill their affordable housing goals, according to an industry analyst.

Now-Defunct 1st Alliance Lending is appealing a decision by the Connecticut Department of Banking regarding the lender’s alleged practice of allowing unlicensed employees to work with potential borrowers.

Most banks are better insulated than Silicon Valley Bank from duration risk in MBS and similar holdings, according to Federal Reserve Chair Jerome Powell. (Includes two data charts.)