Rocket has a huge imbalance between refinances and purchases. Will “distributed” retail help? Meanwhile, FHA rolls out its 40-year modification product.

Patrick McHenry, R-NC, new chair of the House Financial Services Committee, is viewed as a consensus-maker. But will his politics make it difficult to find common ground with the White House and Senate?

In the lame duck session, Congress managed to pass a spending bill with funding for FHA IT modernization. A separate bill updating standards for VA appraisals also made it to President Biden’s desk.

Divided leadership in Congress means bipartisanship will be required to get bills to President Biden’s desk. Not many mortgage-related bills are expected to make it that far in the next two years.

Appraisal reform and redlining were major focus areas at an annual event that highlights federal accomplishments in fair lending. The Fed, meanwhile, will release new redlining risk assessment materials, perhaps by the weekend.

With prospects for the Build Back Better Act doomed, Senate leadership has proposed a new version of the budget reconciliation legislation under the moniker the Inflation Reduction Act.

FHFA’s new director told the House Financial Services Committee that politicians must decide what the future of housing finance looks like.

While states offered broad temporary flexibilities regarding LO licensing and location requirements during the pandemic, the transition out of the temporary standards has been bumpy.

It could be a brisk year for mortgage company sales. But how fierce might the roll-up be? Changes in Rocket’s C-suite.

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.