An appeals court ruled that Nationstar’s indemnification claim over reverse mortgages it acquired in 2015 should not have been dismissed.

Warehouse providers racked up $137.0 billion of commitments at year end, arming nonbanks with the credit they needed to make a record amount of new loans. A repeat performance in 2021? Probably not, but a good year nonetheless is expected. (Includes data chart.)

Even though proposed state capital requirements and other standards are deeply unpopular among nonbank mortgage servicers, the CSBS said it will move ahead with its plans.

Rohit Chopra’s nomination for director of the Consumer Financial Bureau appears to be a lock in the Senate Banking Committee. While laying out his priorities, he said the agency will not dictate housing-finance policy.

As interest rates increase, Quicken anticipates lenders will reduce capacity, providing an opportunity for the nonbank to gain market share.

Trade groups representing appraisers said the proposed automated valuations are really just rebranded desktop appraisals, not too dissimilar to the ones that helped crash the housing market in 2008.

The powerful consumer regulator said extending the compliance date of the general QM final rule will give lenders more time to use the GSE “patch.”

Shorting mortgage stocks seems like an easy way to make money, Right? Don’t bet on it, especially when insiders own most of the shares.

State regulators in 2021 plan to establish a streamlined examination process for nonbanks, as well as string together standards for servicers.

The Consumer Financial Protection Bureau plans to propose a rule to delay the mandatory start date of the general QM final rule. The agency is also considering revisiting the new seasoned QM rule via rulemaking.