A recent opinion piece in the Wall Street Journal suggested that nonbanks have loosened FHA underwriting standards, bringing about a wave of defaults.

Some subservicers are offering to pay deboarding fees charged by competing subservicers to help prompt transfers. MSR owners have some hesitation beyond fees, including risks from transfers.

The slowdown in premium increases comes as insurers focused on restoring profitability after a period of high inflation, rising construction costs, expensive reinsurance and record catastrophe losses.

A group of state regulators fined Newrez for servicing issues, while California fined Academy Mortgage for lackluster cybersecurity.

Primary mortgage insurance activity was up 17% in the second quarter after a slow start to the year, with private insurers claiming more of the purchase market but losing share in refinances. (Includes four data tables.)

UWM President and CEO Mat Ishbia sees the equity from Oaktree as a positive. Shareholders and industry analysts aren’t convinced.

New PMIERs tables assigning risk factors to loans based on credit scores and LTV ratios strongly resemble the GSEs’ LLPA tables.

The higher rates are diminishing demand for mortgages and officials at Rocket are projecting a drop in originations in the third quarter.

Mortgage and banking trade groups want the CFPB to revise TRID’s timing requirements and tolerance thresholds.

Changes to the GSEs’ condo lending requirements won’t bring relief in the near term to the slumping condo market.