New York Community Bank’s new leadership has plans to return to profitability. It’s not clear how residential mortgages fit into those plans.

If the rule is adopted, ABS and MBS reporting timeframes will tighten.

To this point, access to Fannie's income-calculation tool was only available through third parties.

Alanna McCargo was appointed as president and CEO of the Federal Home Loan Bank of San Francisco.

“Recent data showing stickier-than-expected inflation, rising mortgage rates and continued home price appreciation appear to have given consumers pause regarding the market’s direction,” said Doug Duncan, a senior vice president and chief economist at Fannie Mae.

“We are very opportunistic in certain markets in which we like the vintage and the availability of credit,” Patterson said.

Some of Stronghill's non-QM production workers are already interviewing elsewhere...

Philadelphia-based Republic Bank focused its mortgage production on jumbos with below-market rates. The bank also held agency MBS that lost value as interest rates increased.

PennyMac booked a weak increase in servicing income due to a large loss tied to hedges for MSRs; First American’s CEO doesn’t expect the CFPB’s effort on lender’s title insurance to change much.

While servicing outstanding ticked up 0.3% in the first quarter, Mr. Cooper's portfolio grew by 14.6%.