Though two prominent nonbank lenders shuttered recently as the refi business slows, there are currently few concerns about the potential for widespread failures of nonbanks.

In its final days, it appears that non-QM originator Sprout Mortgage had an IRS matter it was trying to work out. Current status: Unknown.

The federal government should move forbearance to the front of the loss-mitigation waterfall, researchers at the Urban Institute proposed. A similar policy during the pandemic did more good than harm, they found.

Fee-for-service partnerships between mortgage lenders and housing counseling agencies could bring scale to the pre-purchase counseling services HCAs offer, according to industry experts.

Freddie’s income declined by 35% in second quarter; home price appreciation chugged along; loan applications at low levels; delinquencies increase.

FHFA is working on an alternative to the single counterparty fee, triggered by a controversial provision in the new capital rule, that requires the GSEs to hold capital against one another as counterparties.

Fintechs are set to face increased scrutiny from the Federal Housing Finance Agency.

Commercial banks, so far, have turned in underwhelming mortgage results for the second quarter, but that was to be expected. The real show starts in a few weeks when publicly traded nonbanks release earnings.

The market for MSRs is now divided between portfolios with loans originated prior to 2022 and portfolios with loans that have prevailing interest rates, prompting some shifts in practices among servicers and investors.

FHFA’s new director told the House Financial Services Committee that politicians must decide what the future of housing finance looks like.