Federal regulators are expected to propose new capital requirements for big banks; DOJ and FTC propose new guidance on mergers.

The mortgage layoff streak has ended, thanks in part to improving originations in the second quarter. But don’t look for a V-shaped recovery in the numbers. The Federal Reserve still controls the table.

A $9.9 billion fund established by the federal government to help borrowers avoid foreclosure is seeing growing use. Some $1.2 billion in funds from the Homeowner Assistance Fund were distributed in the first quarter.

FHFA wants the authority to suspend counterparties that have been sanctioned by other federal or state regulators. The agency argues that the outcomes of certain civil actions are analogous to criminal convictions.

The Consumer Financial Protection Bureau’s funding structure is unconstitutional, a bevy of new amicus briefs argue. But they part ways on how to remedy the problem.

Rate lock volume continues to tumble in 2023, with the biggest declines coming from locks on rate-term refinance loans.

FHFA could limit usage of FHLBank advances; losses narrow at Better in first quarter; home price appreciation slowing; the impact of higher interest rates on potential borrowers.

A broad coalition of industry groups say FHFA’s current timeline is too short for the scale and complexity of the transition.

It got 14 votes from House Democrats, but the Republican-sponsored Middle-Class Borrower Protection Act is unlikely to make it to the Senate.

ACI Worldwide accidentally charged Mr. Cooper customers for $2.3 billion in mortgage payments.