Non-agency MBS participants have been working with an outdated data set.

HUD requires FHA servicers to conduct a “face-to-face” meeting or make a reasonable effort to do so before foreclosing.

Interest rates on mortgages reached their highest level of the year (thus far).

The denial rate on applications for jumbo mortgages was 11.9% in 2022.

Fitch Ratings warned that nonbank mortgage companies could face issues if weaknesses involving MSRs emerge.

FHFA issued changes to RPL/NPL sales in a new fact sheet, addressing some concerns raised by critics of previous sale policies.

The existing partial claim option isn’t effective because interest rates are so much higher now than when most FHA borrowers signed their present mortgage, analysts at the Urban Institute noted.

Average loan sizes on mortgage applications are shrinking.

The volume of new home equity line of credit commitments and closed-end second liens originated in the first quarter of 2023 declined by 19.0% compared with the previous quarter.

Ed DeMarco, president of the Housing Policy Council, said that while claiming to codify existing FHFA practice, the proposal “does not address FHFA’s practices related to fair housing and fair lending enforcement.”