The upfront MIP is 175 bps of the base loan amount on a 30-year fixed-rate FHA single-family loan. Most FHA borrowers pay an annual MIP of 85 bps for the full life of the loan.

Mr. Cooper's vendor blamed the withdrawal snafu on a "processing issue."

Company CEO Mat Ishbia was also named as a defendant...

The longer timeline allows lenders more time to offer QM loans based on a homeowner’s debt-to-income ratio and not solely based on certain pricing thresholds...

Veteran mortgage attorney Gus Avrakotos: "With advances in technology, if there ever is a time to seriously consider dispensing with branch office licensing, this is the time."

HUD Secretary Marcia Fudge: "The lift is heavy. Black homeownership is less than it was when the Fair Housing Act was passed in 1968 and the percentage of minorities who own homes is a disgrace to the nation.”

FHFA chief Mark Calabria: “The reality is that, in the short run, there will be a pinch on the market, if you will."

One big rah-rah fan of the GSE utility model is the National Association of Realtors...

CSBS plans to reduce the subjectivity in standards for large nonbank servicers or potentially drop the standards altogether.

The rule “puts some real teeth behind the CDC’s COVID eviction moratorium,” according to Adam Levitin, a Georgetown Law School professor. He added that “some jurisdictions seem to be taking the CDC moratorium as merely advisory, rather than as binding law.”