M&T Bank’s mortgage-banking income declined in the first quarter because of a change in how it values mortgage servicing rights. The bank is optimistic its FHA subservicing business will see stronger returns in the second half of the year.

HUD Secretary Scott Turner said FHA plans to accept VantageScore 4.0 and FICO 10T scores, but didn’t provide a timeframe.

The Office of the Comptroller of the Currency entered into a consent order with Chicago-based Federal Savings Bank to settle allegations that the bank misled VA borrowers on refinance loans.

FHA reminds servicers of occupancy verification; Georgia’s Community Bankshares gets a slap on the wrist for USDA business; FDIC appoints FHA advisor; FHA spreads narrow.

Ginnie Mae attributed the rapid increase in severe FHA delinquencies to FHA’s trial payment plans rather than weakening performance.

Members of the Brokers Action Coalition headed to Capitol Hill this week in pursuit of lower costs for credit reports.

Trade groups representing brokers emphasized the sway small businesses have over their local representatives.

The Brokers Action Coalition is proposing to reduce the number of pulls by allowing borrowers to take their credit reports with them when they shop for mortgages.

Inflation caused by the U.S.-Iran War means that mortgage rates aren’t likely to fall back below 6.0% this year, according to Mike Fratantoni, chief economist at the Mortgage Bankers Association.

The New Hampshire Business Finance Authority’s bitcoin-backed municipal bond received preliminary ratings under Moody’s structured finance framework.