Changes to the pricing grids of Fannie Mae and Freddie Mac last May created a natural experiment for researchers to study how changes to guarantee fees impact the housing market.

A federal appeals court last month backed United Wholesale Mortgage in a battle with an employee who claimed wrongful termination.

MISMO is out with five proposals, including a tool to simplify standards adoption. Other new features include tech for credit modernization, appraisals and housing counseling.

Retaining servicing rights on production can provide originators a profit opportunity, if they are able to manage the business effectively.

Homebuyers appear to have become a little less honest in their loan applications. Lender beware!

Servicers said they believe the industry can do a better job of educating homeowners of natural disaster risks to their homes.

Some 17.2% of homeowners with mortgages had an interest rate greater than or equal to 6% at the end of the third quarter of 2024, compared to 12.3% in the third quarter of 2023.

Servicing executives said enhanced data have helped homeowners avoid foreclosure and kept overall losses down for investors.

PennyMac Financial Services upsizes debt offering by $200 million; Freedom Mortgage is set to issue $500 million of senior unsecured notes; Beeline Labs raises capital for MagicBlocks; Rocktop Technologies and One Diligence launch an AI-enabled natural disaster risk evaluation solution; Usherpa launches a new workflow management tool.

Northpointe Bank could raise upwards of $200 million via an initial public offering. The bank said the IPO could help to double its warehouse lending business and increase production of a unique non-agency mortgage.