Some banks hike their use of FHLBank advances when a run on their deposits and the inability to sell their MBS holdings cut into liquidity. This strategy doesn’t seem to work for all banks.

Rates are headed lower, at least for now, causing sellers of MSRs to pause. However, “whole” company deals could pick up a head of steam. One hungry buyer: Guild Mortgage of San Diego.

The bipartisan Middle-Class Mortgage Insurance Premium Act was reintroduced in the House last week by Reps. Vern Buchanan, R-FL, and Jimmy Panetta, D-CA.

The move signals an aggressive effort by federal regulators to rein in consolidation in the mortgage tech industry. ICE said it is prepared to fight the FTC over the Black Knight deal.

The bank liquidity crisis that started with Silvergate claimed the lives of three depositories but stopped at the door of the San Francisco-based FRB. More revelations might lie ahead. Meanwhile, the Federal Housing Finance Agency delayed its DTI fees.

When nonbanks hurt, so too do their warehouse bankers. Just how bad is it? Many originators in the primary market are struggling to post a profit, violating their contractual covenants. (Includes data chart.)

To gain ground in a tough origination market, Rocket has set its sights on purchase-mortgage borrowers while United Wholesale is focusing on margins.

Homebridge Financial has agreed to sell most of its MSRs and its entire retail network to California-based CMG. Homebridge insists it’s not going away and is working on other transactions.

The Newark, OH-based bank was accused of redlining mortgage borrowers in majority-Black and Hispanic neighborhoods of the Columbus metropolitan area.

Less than a week after raising the “going concern” flag, the California lender announced plans to wind down its operations and liquidate.