The budget for 2026 proposes cuts to HUD, and handing over responsibility for affordable housing and rental assistance programs to states.

The bill would require communities that have experienced repeat flooding to administer disaster mitigation plans in order for residents to stay eligible for NFIP and for relief from FEMA.

Rithm continues to post strong earnings, but officials at the REIT are frustrated by how the market treats its stock. It also has a SPAC-in-waiting and a mortgage company it would like to spin off.

Chase is pushing for Congress to increase housing supply and mortgage credit, among other affordability fixes.

FOMC holds federal funds rate steady; MBA expects rate cut later this year; House committee votes to slash CFPB’s budget.

A few years back mortgage giant UWM had no desire to process its own loans, opting instead to use subservicers. But those days are gone.

Fannie remains profitable in a tight mortgage market, even though below-the-line expenses shave a little off net income.

Rocket’s pending acquisition of the nation’s largest subservicer is making some MSR owners consider a subservicer that isn’t owned by Rocket. Mr. Cooper isn’t giving up, with plans for additional growth.

Mortgage CEO pay increased at many shops last year but the devil is in the details. Some executives took home mostly cash while others received mostly stock awards.

Mortgage lenders can expect to see credit score decreases, higher debt-to-income ratios and potentially fewer loan applications due to the resumption of student loan collections.