The proposed capital planning rule could set the stage for post-conservatorship regulation of the GSEs, but it still relies on capital requirements that the enterprises may not meet for at least a decade.
Beginning in April, credit unions will be able to buy and sell MSRs among themselves. The sector currently holds servicing tied to more than $460 billion of unpaid principal balance.
In a deal expected to close by year end, Rocket Companies will pay $1.28 billion in cash to acquire personal finance app Truebill, a six-year-old tech start-up with 2.5 million users.
One might think the mortgage SPAC thing has run its course. Maybe for lenders, but what about mortgage and real estate-related software? For star power, there’s Dave Winfield.
Banks, thrifts and credit unions reported a modest increase in the untapped HELOC commitments in the third quarter, but homeowners continued to sit on a mountain of untapped equity. (Includes three data charts.)
Faced with a not-so-welcoming IPO market earlier this year, AmeriHome and Caliber Home Loans did the next best thing: The two public-bound nonbanks found willing buyers to pay a decent price. Should Better.com do the same?
Federal regulators provided status updates on several current and pending mortgage-related rulemaking initiatives. But revisions to the qualified-mortgage standards were missing from the CFPB’s agenda.