The mortgage industry this week lamented the passing of Dave Stevens, who held several key jobs in residential finance, including both regulator and trade group CEO.

Fannie Mae has identified a significant number of appraisals conducted by unlicensed appraisers using stolen identities.

The lender said it is working with forensic experts and law enforcement to address the cybersecurity incident.

By automating its biennial review system, the FHLBank regulator has dramatically reduced the number of member institutions that are inadvertently omitted from community support reporting.

The latest mortgage rumor in the nation’s capital: President Biden might turn to Fannie and Freddie in an attempt to push down borrowing rates, thus aiding his reelection chances.

Based on a new proposal, it would seem that banking regulators are paying closer attention to how much money federally insured depositories are lending to nonbanks.

Mortgage lenders and servicers must process loan assumptions in accordance with regulations or could face penalties, the VA cautioned.

House and Senate leadership have agreed to a topline budget number of $773 billion in non-defense spending for fiscal 2024.

Consultant Paul Hindman may have said it best: “Hiring, then firing is just too painful.” The good news is that thanks to lower rates and the spring homebuying season approaching, originators soon may be hiring again. The bad news: It won’t be huge.

A cyberattack this week forced loanDepot’s servicing portal to go offline and its online loan applications process to stop working.