The Trump administration continues to pressure homebuilders to address affordability by focusing more on first-time homebuyers.

Democratic state attorneys general argued that the final rules exceed limits Congress placed on OCC’s ability to preempt state laws.

Radian Group has sold its real estate services business and has entered into a definitive agreement to sell its title business to PLACE.

Urban Institute researchers believe credit score gaming by lenders will raise scores for 44% of borrowers. Officials at FICO claim shopping appears to be occurring now that the GSEs accept VantageScore.

The $1.65 billion in financing from Oaktree and the Ishbia family was via preferred equity. United Wholesale Mortgage’s equity declined with a loss in the second quarter tied to its failed acquisition of Two Harbors.

The proposal would retain much of the 1995 regulatory framework while making changes to asset size thresholds and narrowing the range of retail banking services subject to CRA standards.

Pennymac laid off origination staff and is counting on technology to keep its lending capacity elevated. Leaders at Newrez and loanDepot are also touting their tech investments.

The non-QM space has seen rapid growth, with more lenders entering the market and a growing cohort of self-employed borrowers.

Homebuying picked up in the summer months after a slower than usual spring season.

New business grew at both enterprises despite an across-the-board decrease in refinance loan acquisitions.