FHFA proposed adjusting the capital framework that applies to the GSEs to incorporate planned changes in the usage of credit scores. Lenders want more data before any changes are implemented.

Issues at regional banks will likely slow the economy and have impacts on mortgage lending through the year, according to economists at the MBA. Still, GSE economists suggest that originations could pick up soon.

A key question in setting up a special purpose credit program is whether the lender will target a population based on a characteristic such as race or whether it will use geography as a proxy for the target group.

The persistence of work-from-home arrangements has given job seekers less incentive to relocate, according to a new quarterly survey from Challenger, Gray & Christmas.

Non-qualified mortgage lenders have an opportunity to gain market share in the wholesale channel as competition contracts.

As interest rates rise, homeowners are staying out of the real estate market because they don’t want to let go of the record-low mortgage rates they were able to obtain over the last two years.

Rocket, UWM offer low-downpayment products; CFPB finds sharp differences in loan pricing; servicing profits improve; timing for recession unclear; quantifying the refi boom; Freddie improves paystub analysis; Blend offers soft credit pulls; MISMO seeks comments on closing standards; Maxwell acquires capital markets provider; fractional homeownership.

There were roughly half a million fewer new listings in the first four months of this year than in the first four months of 2019, a year before the pandemic.

Denial rates on applications for purchase mortgages in the conventional-conforming market held steady in 2022, while refi rejections jumped as interest rates increased during the year, according to HMDA data. (Includes data chart.)

The nonbank plans to use artificial intelligence in an effort to sharply reduce expenses from its call center operations.