The new program will help reduce the number of buyback requests lenders receive for loans that are defective but still performing.

Nonbanks are under increased pressure as borrowers face skyrocketing obligations on taxes and insurance. Concurrently, there’s a risk that interest rates will decline, cutting into MSR values.

If regulators take an aggressive stance, the final capital rule could be out by May. The other option would be to re-propose the rule, which could leave the rulemaking unfinished if there’s a change in administration.

Both Democrats and Republicans have little interest in GSE reform, according to discussions this week at the SFVegas conference.

Top Congressional leaders have announced a deal on six bills that will fund several federal agencies, including HUD, USDA and VA.

Rocket CEO Varun Krishna believes artificial intelligence will drastically help the lender boost originations.

As lawmakers move to ban the use of trigger leads, lenders should focus their dollars on other marketing sources.

The new Payment Supplement program will allow servicers to temporarily reduce a borrower’s monthly payment by up to 25% without modifying the mortgage’s current interest rate.

Dramatic reversals in provisions for credit losses drove profits at Fannie Mae and Freddie Mac during the fourth quarter of 2023.

MSR buyers? The field is getting crowded and PE-backed investors continue to be aggressive. Even Guild Mortgage is open to the idea of buying, but only if the situation meets its parameters.