Many charges in a class action against UWM were dismissed, but some Real Estate Settlement Procedures Act claims will move forward.

Industry participants favor a proposal from the Federal Housing Finance Agency to repeal fair lending oversight of Fannie, Freddie and FHLBanks. Consumer advocates, meanwhile, were sharply critical.

Annaly Capital Management is buying a portfolio of lower-coupon MSRs from Pennymac, and also tapping Pennymac as subservicer of the portfolio.

Relying on the Supreme Court’s direction to apply a “nuanced comparative analysis” for determining federal preemption, some lower courts are finding that the National Bank Act doesn’t preempt state laws.

The new requirements, and the shutdown, are expected to further delay the release of CDFI Fund awards that have already been approved.

CA-based CMG Mortgage CEO and owner Chris George now owns a federally insured depository in Wisconsin. He’s putting an emphasis on hometown service and expanded mortgage offerings.

The effects of the partial government shutdown could be far-reaching, but agency functions related to mortgage lending appear intact.

As originations and market share for expanded-credit loans have increased, some industry participants see the potential for problems.

The trade group’s priorities include changes to loan originator compensation standards and a higher tax exemption on home sales.

Housing legislation with strong bipartisan support could move forward in the Senate as soon as this month.