As a technical matter, Better.com’s SPAC maneuver is still alive. But with the refinance business waning and gain on sales slipping, the company’s future looks cloudy, at best.

The final rule simplifies regulations on insurance coverage for deposits held in mortgage servicing accounts. But the changes don’t go into effect until April 1, 2024.

Potential first-time homebuyers are facing affordability issues due to elevated home price appreciation. And though home price appreciation is slowing, interest rates are set to rise.

Few states have laws defining an “abandoned property,” leaving servicers with local ordinances and case law as their guides in many foreclosure procedures.

Financial technology lender SoFi is set to acquire a bank; United Wholesale Mortgage will cover appraisal costs on purchase mortgages through the end of March; mortgage tech companies raise capital; CoreLogic offers new fraud-detection service; low-code marketplace launched.

Private mortgage insurers lost market share in the agency purchase market during the last quarter of 2021, while FHA production shifted toward riskier business.

It’s earnings season! The early results show a mixed mortgage bag for the megabanks. The mega-nonbanks start reporting later this month.

For a year, Guaranteed Rate stuck its toe in the broker channel. Now that the origination water has turned cold, it’s leaving.

Nearly half of Black first-time homebuyers say they would prefer to take a class or conduct in-depth research before buying.

Some 300 companies are now members of MISMO. The organization’s efforts to improve mortgage data are being helped by a new fee.