U.S. Mortgage Insurers President Seth Appleton is encouraging FHA to focus on keeping its Mutual Mortgage Insurance Fund healthy.

A proposal from the Federal Communications Commission could sharply limit lead generation activity. Meanwhile, the CFPB apparently can’t do much about trigger leads and legislation in Congress hasn’t moved.

Black Knight didn’t receive all of the damages it sought from PennyMac while the nonbank servicer is now free and clear to use proprietary technology that’s less expensive than Black Knight’s offerings.

UWM was the top originator of purchase loans for the first nine months of 2023, while Rocket held the lead in refinance lending. The FHA saw a rising share of purchase loans sold to the agencies in the third quarter. (Includes four data tables.)

The baseline loan limit for one-unit properties will be $766,550 next year. Home prices are projected to continue to rise in 2024 but the rate of growth is open to debate.

These are humbling times for warehouse firms that finance nonbanks. Commitments are down overall, as are usage rates. Also, it appears that Truist is having second thoughts about lending money to smaller nonbanks. (Includes data table.)

Wholesale mortgages accounted for nearly 20% of Citizens Bank’s originations this year. The bank joins many others that have fled the sector following 2008.

With the prospect of a Fannie Mae title insurance pilot apparently off the table, critics turn their focus to attorney opinion letters.

Freedom Mortgage’s Allen Middleman has been named chair of the National Association of Mortgage Brokers’ inaugural board of governors that will advise the group on opportunities regarding outreach programs and policy issues.

Faster, better analysis of credit data means Fannie Mae can reduce some of the barriers to homeownership in “missing middle” housing.