Beginning in April, credit unions will be able to buy and sell MSRs among themselves. The sector currently holds servicing tied to more than $460 billion of unpaid principal balance.

Federal regulators provided status updates on several current and pending mortgage-related rulemaking initiatives. But revisions to the qualified-mortgage standards were missing from the CFPB’s agenda.

One of the recommendations: the Consumer Financial Protection Bureau should create a registry of nondepository institutions that fall within its jurisdiction.

Free-form text fields in appraisal documents frequently contain property descriptions that may violate fair lending laws.

CFPB Director Rohit Chopra said the bureau is working toward allowing state attorneys general to bring claims under federal statutes.

A mortgage company’s best chance at being heard in policy matters is to target the same four themes the Biden administration is using to drive policy decisions.

Freddie Mac will implement a higher income threshold for its Refi Possible product for low-income borrowers beginning Jan. 31.

The National Flood Insurance Program was scheduled to expire on Dec. 3 You might say disaster was avoided, for now.

The unprecedented increase has FHFA leadership thinking about the relationship between the conforming loan limits and home price appreciation.

Some non-agency lenders are sticking with the older QM standards due to concerns about liability tied to income and employment verification requirements under the newer, more lenient QM standards.