Beginning June 16, custom single-family pools in the Ginnie II program won’t be subject to the 10% concentration limit on mortgages with buydowns.

The CFPB indicated that it plans to rescind some provisions under the LO comp rule, along with changes to servicing standards.

Lenders turned down 24.5% of VA refi applications in 2024, compared with 37.3% in the previous year.

The mortgage tech vendor has been operating with a “going concern” warning for more than a year.

Changes include a reduction of credit score requirements and an elimination of seasoning requirements for DSCR refinances.

The confirmation of Michelle Bowman as vice chair for supervision at the Fed could prompt the Fed to begin to make regulatory changes.

The cap and other regulatory issues prompted numerous adjustments at Wells, including a retreat on mortgage lending and servicing.

An estimated $49.0 billion of non-agency jumbos were originated in the first quarter of 2025.

The bill largely aligns with legislation approved in the House in May.

Some mortgage borrowers now face higher monthly payments for taxes and insurance than for the principal and interest obligations tied to a mortgage.