The real estate analytics and brokerage company filed for bankruptcy protection in an effort to keep its operations afloat and halt foreclosure.

The bulk of PowerPay’s $350.3 million ABS was backed by point-of-sale loans for home improvements, along with some loans for personal wellness.

Matt Jones, the Trump administration’s nominee for commissioner of FHA, plans to continue to work to reduce mortgage costs and housing costs if confirmed for the position.

The Housing Policy Council proposed bifurcation of servicing advances from MSRs to create a new source of collateral for servicers.

Representatives from Rocket, Pennymac and the Mortgage Bankers Association called for further streamlining between federal mortgage programs and the government-sponsored enterprises.

Retail and correspondent originations of government loans were up 16.7% and 13.7% from the first quarter to the second quarter, according to survey data analyzed by Inside FHA/VA Lending.

Government lending through brokers declined on a quarterly basis in the second quarter while both retail and correspondent production increased. (Includes data table.)

Some FHA borrowers could see improved credit scores from FHA’s adoption of VantageScore 4.0, but the effect should be relatively small, according to researchers at Goldman Sachs’ credit strategy desk.

Industry groups urged FHA to make the proposed alternative partial claim structure friendlier for smaller lenders and called for communication with Ginnie Mae investors.

Issuance to Ginnie Mae custom extended-term pools spiked twice in the last year, after FHA and VA changed their loss-mitigation policies. Delinquency rates on the pools are also exceptionally high.