Castlelake, Redwood team to purchase up to $8 billion of prime loans; MBA's Broeksmit signals support for Basel III reproposal; Single-family housing starts increase in March.

The temporary change is due to FHA’s 2025 modification to the single-family loss-mitigation waterfall, which included reinstating TPP requirements before certain loss-mitigation options can be approved.

Daniel Hyman, a portfolio manager at PIMCO, said in a recent report that the buydowns lead to new-build homes selling at an inflated value that a homeowner is unlikely to match when they try to sell later.

Representatives in Congress called on leadership to remove a provision in the Senate-passed 21st Century ROAD to Housing Act that mandates investors sell single-family build-to-rent housing.

The GSEs will accept VantageScore 4.0 on a pilot basis. FHA will follow at a later date, along with plans for the GSEs and FHA to allow for use of FICO 10T.

FHFA Director Bill Pulte dismissed concerns about adverse selection risk tied to the optionality for lenders on FICO scores and VantageScore.

The Brokers Action Coalition is proposing to reduce the number of pulls by allowing borrowers to take their credit reports with them when they shop for mortgages.

Mortgage industry participants largely backed the proposed rule while consumer advocates had strong opposition.

NTEU argues that the appeals court should allow the district court to review the staffing plan, but without a specific deadline.

The Council of FHLBanks signaled strong support for the Trump administration’s recent executive order for a more favorable regulatory environment for community banks.