The warehouse lending business remains profitable but there are concerns, namely a reduction in the number of nonbank mortgage companies due to M&As.

Special attorney at DOJ to examine allegations of mortgage fraud; Trump nominates chairman of Council of Economic Advisors for position at Fed; impact of slowdown in home price appreciation.

FICO CEO William Lansing argued that, by allowing lenders to pick between Classic FICO and VantageScore 4.0, FHFA may be creating a race to the bottom when it comes to the quality of credit scores.

Leaders at big lenders believe the spring homebuying season will continue through the summer, thanks to the shift to a buyers’ market. Real estate companies are less optimistic, citing “punishing” interest rates.

Acra, a top player in the non-qualified mortgage market, has a new CEO, Shawn Stone.

Mortgage hiring moved forward in June but not by much amid uncertainty on the outlook for interest rates.

The bill is now headed to President Trump’s desk; Frank Cassidy nominated for FHA commissioner.

The Mortgage Bankers Association and other groups supported the wide-ranging bill which is aimed at housing affordability. MBA, though, raised some concerns about appraisal reforms included in the package.

New credit score data, such as rent payment history and bank account cash flows, may benefit some mortgage borrowers, but the new elements could also cause some problems.

The Federal Reserve and Treasury Department are on a path to reducing capital requirements for banks, large and small. The motivation includes the shift seen in mortgage lending toward nonbanks following the 2008 crisis.