According to charges filed by an FHFA special agent, the defendant submitted fraudulent PPP loan applications to two Federal Home Loan Banks.

Mortgage firms need to reassess their fair lending programs to check for discrimination based on sexual orientation and gender identity, according to industry attorneys.

The CFPB wants to base QM status on a pricing metric rather than approval by the GSEs. Most mortgages would remain QMs but some business could shift to the non-agency market.

Until mid-month, many nonbanks were writing loans hand-over-fist, but warehouse capacity in the COVID-19 era is running low. Also, there’s a snafu at BNY Mellon.

Nonbank lenders and mortgage real estate investment trusts stand to gain from expanding the eligibility requirement for FHLBank membership, according to industry comment letters.

To hedge MSRs or not to hedge? That’s the question of the day. It appears that many shops, including the top-ranked Mr. Cooper, are getting in line.

The CFPB is allocating significant supervisory resources to learn about programs servicers are offering borrowers and policies that have been enacted.

The overall forbearance rate is levelling off but loans packaged into non-agency MBS and those held in portfolio showed a relief-request reading of 10.18%, up 15 basis points.

Given the current state of economic affairs in the nation, a nonbank mortgage company pulling off a public offering of stock seems like a long shot. Right? Maybe not.

Independent mortgage bankers heaved a sigh of relief after the Federal Housing Finance Agency said it will re-propose the minimum financial eligibility requirements for single-family seller/servicers.