Delinquencies on non-qualified mortgages have increased, but lenders say the performance of the loans should hold up in the long run.

The March re-proposal of bank capital requirements could lead to harsher treatment of warehouse lending. On the flipside, the proposal includes incentives for larger nonbanks to seek bank charters.

The Broker Action Coalition says that if the borrower pays for a credit report, they should own it, a concept it believes could significantly reduce closing costs.

The leaders of UWM and Two Harbors met to discuss an offer to beat CrossCountry Mortgage’s final bid but were unable to reach an agreement or build much trust.

A Michigan court held United Wholesale Mortgage in civil contempt and ordered the company to present its CEO for a deposition as part of an ongoing lawsuit regarding the company’s “all-in” initiative.

The appeals court noted that California law allows employees to “make some preparations to compete” with an employer, but the law doesn’t authorize an employee to transfer their loyalty to a competing company.

MBS investors aren’t sure how VantageScore scores compare with classic FICO scores. And a variety of systems used in the mortgage market need to be updated to allow for two scoring models.

VantageScore’s CEO said he doesn’t think FICO’s trended data score will be operational with the GSEs anytime soon.

Joe Gormley will continue to act as FHA commissioner after Frank Cassidy announced his formal exit from the position last week.

Critics say the FHFA director is woefully underqualified to lead national intelligence. The impact on FHFA is also unclear.