More homebuyers are being forced to bring more cash, renegotiate the sale price or restructure their mortgage.

The Trump administration continues to pressure homebuilders to address affordability by focusing more on first-time homebuyers.

Democratic state attorneys general argued that the final rules exceed limits Congress placed on OCC’s ability to preempt state laws.

Radian Group has sold its real estate services business and has entered into a definitive agreement to sell its title business to PLACE.

Rocket was one of the largest sellers of agency mortgage servicing rights during the second quarter and the only nonbank to post a decline in owned servicing among the top-10 firms. Chase’s decline in owned servicing looks to be tied to portfolio runoff. (Includes three data tables.)

Urban Institute researchers believe credit score gaming by lenders will raise scores for 44% of borrowers. Officials at FICO claim shopping appears to be occurring now that the GSEs accept VantageScore.

The $1.65 billion in financing from Oaktree and the Ishbia family was via preferred equity. United Wholesale Mortgage’s equity declined with a loss in the second quarter tied to its failed acquisition of Two Harbors.

The proposal would retain much of the 1995 regulatory framework while making changes to asset size thresholds and narrowing the range of retail banking services subject to CRA standards.

Pennymac laid off origination staff and is counting on technology to keep its lending capacity elevated. Leaders at Newrez and loanDepot are also touting their tech investments.

The non-QM space has seen rapid growth, with more lenders entering the market and a growing cohort of self-employed borrowers.