MSR investors see risks and benefits in rising costs for property taxes and insurance; child receives offer from mortgage lender.

Fitch Ratings analysts seek feedback on a framework for interpolating climate change risk into bond ratings.

United Wholesale Mortgage plans to continue to grow organically, making investments in technology. The nonbank took a large loss in the first quarter as values of mortgage servicing rights declined.

Rithm continues to post strong earnings, but officials at the REIT are frustrated by how the market treats its stock. It also has a SPAC-in-waiting and a mortgage company it would like to spin off.

FOMC holds federal funds rate steady; MBA expects rate cut later this year; House committee votes to slash CFPB’s budget.

Fannie remains profitable in a tight mortgage market, even though below-the-line expenses shave a little off net income.

Although consistent rent payments over time are one of the best indicators of a borrower’s ability and willingness to repay a mortgage, GSE programs that exploit that information are woefully under-utilized.

Hearing scheduled for May 16 to analyze massive layoffs at CFPB; Fannie economists slightly lower forecast for mortgage rates; Horizon Bank sells warehouse unit for a profit.

Residential lending increased by 10.9% compared with the first quarter of 2024. Interest rates on mortgages jumped this month, hampering production early in the second quarter. (Includes two data tables.)

Ohio Attorney General Dave Yost has sued United Wholesale Mortgage for allegedly colluding with brokers to push borrowers into higher-priced mortgages. UWM denied the allegations, noting that it’s not illegal for a broker to send most or all of its business to one lender.