As delinquencies rise, servicers will face increasing obligations for advances to MBS investors. Large servicers are expected to be able to handle the pressure while some smaller servicers could face difficulties.

Borrowers pulled back in March as interest rates on mortgages increased, but demand improved after rates fell at the end of March.

Stakeholders are speculating on the next steps for bringing the new credit scores to market without complete transparency.

The trade group said a single-pull credit report is enough, if there are proper guardrails in place to prevent lenders and borrowers from “gaming the system.”

Several companies in the mortgage space are in the process of changing hands.

Bob Broeksmit, president and CEO of the Mortgage Bankers Association, believes the Basel III re-proposal would allow banks engaged in the mortgage business to further expand their operations.

The housing market is starting to see a decline in mortgage lock-in but it will take a while to reach a new equilibrium.

Community Home Lenders of America recommended a slew of policy changes to solve the home affordability crisis.

FHFA Director Bill Pulte said 21 large lenders will roll out the new score with the GSEs, though all lenders are eligible. FHA also plans to accept VantageScore and FICO 10T.

The final rule eliminating disparate impact from enforcement of the Equal Credit Opportunity Act was issued as it was proposed in November, despite more than 64,000 comments on the proposal.