Republicans in the House plan to reduce regulations to improve housing affordability.

Sen. Elizabeth Warren, D-MA, said there’s a possibility that Congress will use the Congressional Review Act to overturn the proposal if it’s finalized.

Eighteen of the 30 servicers had decreases in jumbo servicing from the second quarter to the third.

The groups suggested pairing long-term funding for the National Flood Insurance Program with reforms to the program.

Rocket Companies sees opportunities for growth as some lenders pull back, according to Brian Brown, chief financial officer and treasurer of the firm.

Subservicing vendors accounted for 28.5% of all outstanding residential loans as of the end of September.

Delinquencies are expected to increase primarily because the unemployment rate is projected to increase.

Ellington Financial is marketing a $450.7 million non-agency mortgage-backed security with mortgages for investment properties underwritten using debt service coverage ratios.

The changes also allow VA to charge default-related fees under the partial claim, among other adjustments.

Pennymac issued an average of one non-agency MBS per month this year focused on GSE-eligible mortgages for investment properties. And Redwood is marketing its 13th jumbo MBS of the year.