A total of $545.80 billion of non-agency MBS backed by single-family mortgages was outstanding at the end of March.

Matt Jones, FHA single-family housing deputy assistant secretary, indicated the agency believed the rescissions would make the FHA program more accessible to a wide range of lenders.

The proposal would redefine "high-needs rural population" and limit the use of area median income when defining low-income categories.

Another vote delay adds more uncertainty to the proposed merger between CrossCountry Mortgage and Two Harbor Investments.

H.R. 6644, the 21st Century ROAD to Housing Act, is being hailed as the most significant housing legislation from Congress in three decades.

Chase remained the largest warehouse provider as of the end of the March, while losing some market share.

Fannie increased its interest rate projections somewhat in the latest monthly forecast from the GSE.

Demographic shifts are expected to lead housing supply to surpass demand in the coming years.

Mutual of Omaha Mortgage and Finance of America Mortgage, the top two lenders in the sector, lost some market share in the first quarter.

The House is poised follow the Senate and approve H.R. 6644, the 21st Century ROAD to Housing Act, as soon as this week.