Carrington Mortgage is set to acquire Valon Mortgage, which primarily operates as a subservicer with a focus on Ginnie Mae loans.

United Wholesale Mortgage has increased its bid for Two Harbors Investment after CrossCountry Mortgage matched its previous bid for the real estate investment trust.

Some real estate agents are pushing clients away from offers supported by some government-backed mortgage products, industry members say.

A recent survey found that 89% of voters want the House and Senate to work together to pass legislation that will make housing more affordable.

FTC warns Mortgage Connect about noncompetes; Rocket preps CES MBS; New legislation on mortgages for homes on tribal land passed; Share of first-time homebuyers increasing.

The change was prompted by delinquencies, though Fitch analysts said the asset class is still performing above base case expectations.

The transaction includes servicing on 800,000 loans representing about $197 billion in unpaid principal balance.

Fitch placed a “deteriorating” outlook on the securitized second-lien market due to rising delinquencies. However, the rating service said that the sector is still performing within its base case expectations.

The Two Harbors board has recommended that shareholders vote against UWM’s recently revised proposal to acquire the company.

Downpayment assistance programs are no longer just for first-time homebuyers with limited income.