Mortgage debt accounted for more than 80% of overall household debt in 2021, according to a new quarterly report by the Federal Reserve Bank of New York.

The Federal Housing Finance Agency believes the risks that accompany digital tools are real, whether the systems are in-house or supplied by third parties.

The federal appeals court has dismissed all claims in Fairholme Funds and seven other shareholder lawsuits against the U.S. government.

In January, the GSEs took in a significant volume of mortgages with balances greater than the baseline conforming loan limit for 2021. Note: A number of lenders had given themselves a head start on 2022 loan limits.

An improving economy made it possible for the mortgage giant to generate $5.10 billion in credit-related gains in 2021.

But credit-related charges at the mortgage giant went from $194.0 million in the third quarter to $604.0 million in the fourth quarter.

Non-agency mortgages for investment properties are increasing thanks to volatility in GSE pricing and lenient underwriting standards. Volume could take a hit as interest rates increase.

Bank M&A deals are lingering. Blame the regulators or is it something else? Meanwhile, LOs are trying new products, including reverse mortgages.

Once a “flexibility” intended to help lenders deal with the pandemic, the desktop appraisal is about to become a permanent fixture of Freddie’s Loan Advisor and Fannie’s Desktop Underwriter.

The Biden administration and Congress need to address some major risks to the housing-finance system, according to the Government Accountability Office. The administration is still developing plans and there’s little urgency in Congress.