The House is seeking lower funding levels for HUD and a September deadline is fast approaching.

ABA and Texas ABA members win a delay on compliance with the CFPB's data collection requirements on small business lending.

The uptick was more pronounced for FHA mortgages.

HUD noted that over the years many lenders have moved away from a model of local origination and servicing offices to more centralized operations.

Banks are now more willing to deliver jumbos to Redwood due to regulatory pressure and other issues.

Varun Krishna will also be CEO of Rocket Mortgage.

The OCC entered into a consent order with Cenlar in 2021.

An estimated $400 billion of mortgages were originated in the second quarter.

The proposal could reduce banks’ participation as single-family and commercial/multifamily lenders, servicers, and providers of warehouse lines and mortgage servicing rights financing, according to the MBA.

PennyMac was the largest mortgage lender in the first quarter of 2023, though the nonbank posted a loss from its production segment at the time.