The chief innovation officer at United Wholesale Mortgage testified at a hearing in Congress this week on housing affordability. Senators at the hearing largely focused on issues outside of the mortgage market.

The government watchdog said federal agencies associated with housing finance have met three of five critical criteria for mitigating the risk they pose to taxpayers.

Questions still remain about the future of the CFPB with some industry leaders wondering if it will be streamlined or shuttered.

FHFA may push Fannie Mae and Freddie Mac to increase LLPAs on mission-adjacent loans to drive more loan sales to the private market.

Regulators and lenders will have to figure out how to comply with non-discrimination laws without resorting to the use of DEI.

The lending affiliate of the Onity Group paused its non-agency operations in Maryland as a new state regulation requires all parties involved in the mortgage lending process to be a licensed mortgage lender.

FHFA must turn conservatorship directives into regulations before releasing the GSEs from conservatorship, according to former agency director Mark Calabria. But an explicit guarantee is unnecessary, he said.

The Trump administration’s failure to name acting directors for key federal agencies leaves them either under the control of Biden appointees or without a presidentially appointed leader.

The Section 199A deduction for pass-through entities is set to expire at the end of this year. The Mortgage Bankers Association is pushing for an extension, which appears likely. The question is how Congress will pay for massive tax breaks.

The House Financial Services Committee is now led by Rep. French Hill, R-AR, who is considered a staunch supporter of the legislation.