Intercontinental Exchange maintained its guidance for low- to mid-single digit revenue growth this year from its mortgage technology segment, supported by incoming clients.

Market participants are limiting the reach of federal student loan programs to spur more private loan activity, but borrowers with lower credit scores might get left behind.

The maturation of private credit will be a key stepping stone for companies looking to issue ABS, according to a manager at a private investment firm.

The flow of refinances declined 21.5% on a monthly basis to $8.90 billion in July.

Key point: Although 30-day lates make up 2.1% of all mortgages, 38% of that is comprised of FHA mortgages.

Issuance of Ginnie Mae mortgage-backed securities in July declined slightly from the previous months due to a slowdown in refinances. (Includes two data tables.)

Frank Cassidy and Joseph Gormley have been serving as informal leaders of FHA and Ginnie Mae, respectively, for months.

The Senate Committee on Banking, Housing and Urban Affairs approved legislation that would make reforms across government-backed loan programs.

The builder and its mortgage unit sharply increased securitization volume of FHA loans over the past two years by offering interest rate buydown incentives.

The Department of Housing and Urban Development’s Office of Inspector General found Neighborhood Loans’ quality control program was lacking during the pandemic.