The budget proposal calls for exempting “small lenders” – companies that generate about 20 percent of FHA business – from the IT fee.

Mortgage delinquencies overall increased at the end of the year, with the poor performance largely attributed to areas hit by hurricanes in August and September. Mortgage performance in most of the rest of the country actually improved at the end of 2017.

Housing finance reform legislation is being worked on in the House and Senate but has yet to be formally introduced.

As National Association of Realtors Vice President Joe Ventrone put it: “It’s an unintended consequence of the tax bill rather than falling into the bailout narrative.”

Nationstar’s stock is publicly traded, but is majority owned by Fortress Investment Group, which late last year was sold to SoftBank.

Acting CFPB Director Mick Mulvaney: “If there is one way to summarize the strategic changes occurring at the bureau, it is this: we have committed to fulfill the bureau’s statutory responsibilities, but go no further.”

Nationstar’s stock is publicly traded, but is majority owned by Fortress Investment Group, which late last year was sold to SoftBank.

Dealmakers point to not only higher interest rates but lower anticipated loan production and MSR values that are firming up.

The Center for Responsible Lending and other groups said the Corker draft threatens access, affordability and market stability…

Another day and another increase in rates...