The pilot will only be available "in a handful of states."

Non-agency MBS issuance totaled $16.90 billion in the first quarter, up 66.9% from the fourth quarter.

H.R. 5535, the Insurance Data Protection Act, would eliminate the authority for the Treasury Department’s Federal Insurance Office and Office of Financial Research to issue subpoenas to force insurance companies to provide data to the offices.

FHFA’s report disclosed special purpose credit program activity at the GSEs based on loan count rather than dollar volume.

Ginnie said the new loan-level default data will help it “better understand servicer liquidity stress and loss mitigation outcomes and improve sampling methodologies.”

Industry trade groups in a joint amicus brief argued that credit furnishers don’t need to investigate legal disputes under FCRA.

Refi volume delivered to Ginnie spiked in the first quarter while purchase-mortgage activity declined.

Because this would technically be a new product, it’s subject to FHFA approval and requires a 30-day public notice period.

U.S. Bank originated $7.13 billion of mortgages in the first quarter.

Better couldn’t meet Fannie’s financial eligibility requirements due to a “decline in profitability and material decline in net worth.”