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.

Capital requirements for mortgages at big banks would vary based on LTV ratio.

The total delinquency rate on agency MBS hit 2.60% at the end of June.

The CFPB noted abusive practices in the mortgage market and many other sectors.

The $161.2 million in net income was nowhere near enough to wipe out the $839.3 million loss the REIT took in the previous quarter.

The 25 largest GSE servicers handled 73.7% of the servicing volume as of the end of June, up from a 72.9% share at the end of March.

Income at Mr. Cooper jumped from $37 million in the first quarter to $142 million.

Complaints declined by nearly 30% compared with the first quarter.

A DOJ official suggests that more redlining cases are coming...