Former employees of the shuttered mortgage lender claim Sprout didn’t provide the required notice of termination and was holding back regular wages.

The ratings outlook for Fannie Mae, Freddie Mac and two of the FHLBanks have been upgraded from negative to stable, reflecting strong economic growth and heightened government support.

The American Association of Residential Mortgage Regulators’ best practices highlight issues state regulators should consider when approving a permanent work-from-home option for LOs employed by nonbanks.

FHA has extended appraisal validity periods, in some cases up to a year, to align more closely with standards at the GSEs and VA.

The new guidance applies to salaried and hourly wage earners as well as self-employed individuals.

There’s not much left at non-agency lender Sprout Mortgage but there are plenty of rumors, none of them good. Meanwhile, mortgage fintech Better.com has been adding senior managers.

It’s not every day that a mortgage company files for bankruptcy protection, especially one owned by PIMCO. As for the future of that mortgage company, FGMC, a sale of its licenses is expected. After that, it’s game over.

GSE third-party service providers increasingly have their own third parties that could also pose a risk to the enterprises.

With origination profits remaining depressed, most mortgage shops are tapping MSRs to bolster their quarterly results. As that old saying goes, “If you got ‘em, smoke ‘em.”

With mortgage rates approaching 6%, home price appreciation may soon peak.