The Mortgage Bankers Association and other industry trade groups have expressed concerns about the CRA proposal of the OCC and the FDIC being finalized without the Federal Reserve.

FHA Commissioner-nominee Matt Jones said the agency’s 203(k) loan program is an underutilized means to revitalize some of the country’s aging housing stock.

Residential mortgage originations declined in the third quarter at Bank of America, JPMorgan Chase and Wells Fargo. Even with high interest rates, servicing portfolios appear to be performing well.

Fannie/Freddie executives say UAD 3.6 extensions were offered in response to industry feedback, with just 10% of current flow using the new data standards.

Inviting the solicitor general to weigh in on federal bank preemption indicates that the high court is considering whether to revisit the matter, according to industry attorneys.

FHFA Director Bill Pulte was expected to announce a shift to the bi-merge at the MBA’s conference this week. He ended up skipping the event to join President Trump on the campaign trail.

The Mortgage Bankers Association said its reform measures could be adopted without new laws.

Adjustable-rate mortgages are gaining popularity as interest rates rise. And bank lenders have an edge over nonbanks.

Large lenders are flocking to deploy VantageScore 4.0, but others are being more cautious due to shifting GSE guidelines. There’s also uncertainty for investors in MBS and MSRs.

Lenders are offering rate discounts, rate buydowns and lower costs for insurance to help buyers find affordable housing options.