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.

Although consistent rent payments over time are one of the best indicators of a borrower’s ability and willingness to repay a mortgage, GSE programs that exploit that information are woefully under-utilized.

Several factors are affecting whether homeowner’s insurance may become more affordable in the future.

Hearing scheduled for May 16 to analyze massive layoffs at CFPB; Fannie economists slightly lower forecast for mortgage rates; Horizon Bank sells warehouse unit for a profit.

Ohio Attorney General Dave Yost has sued United Wholesale Mortgage for allegedly colluding with brokers to push borrowers into higher-priced mortgages. UWM denied the allegations, noting that it’s not illegal for a broker to send most or all of its business to one lender.