VA refi volume was down 31.5% from the second quarter, while FHA refi volume slipped 10.3%.

The proposal, if implemented, will largely benefit a subset of banks that don’t meet HMDA reporting requirements yet do receive at least 50 applications for mortgages per year.

The net share of consumers who think interest rates will decline in the next 12 months was only 2% in September.

Greg Sher, a managing director at NFM Lending, warned about potential parallels between the expanded-credit market and the non-agency market in the runup to the crash of 2008.

By eliminating its bank holding company, Flagstar Bank will drop the Federal Reserve as a regulator.

Fifth Third Bank has agreed to buy Comerica in a $10.9 billion all-stock transaction.

Home equity lending in 2025 is on track to surpass 2022 as the post-financial crisis peak for production.

Bob Broeksmit, president and CEO of the Mortgage Bankers Association, said it remains to be seen if FICO's move will result in materially lower costs.

FHA and VA mortgages tend to have sharply different prepayment rates but they're put together in Ginnie MBS, potentially penalizing FHA borrowers.

One proposal targeted liquidity requirements for the GSEs and the other two proposals involved the Federal Home Loan Banks.