A dispute between Two Harbors and its former external manager will continue in court, with a focus on intellectual property. The REIT’s chief investment officer also abruptly left at the end of the second quarter.

The Ohio-based bank is winding down its direct-to-consumer mortgage lending business, citing falling margins and diminished refinances.

The changes: FHA has established a streamlined loan mod that servicers must offer to certain borrowers, GSE servicers have to follow the CFPB’s new standards a month earlier than intended, and Ginnie Mae and NCUA are allowing for a broader range of loan mods.

Issuance of non-agency MBS jumped by more than 80% on a sequential basis in the second quarter of 2021.

The sale of the Champion Mortgage reverse mortgage servicing portfolio allows Mr. Cooper to focus on its core business and improve profitability.

The IPO values Blend at more than $4.0 billion.

Annual home price appreciation in May hit a level last seen in 2005...

Issuance of non-agency securities increased 81.3% in the second quarter of 2021. Volume was boosted by the spike in deliveries of GSE-eligible mortgages following regulatory changes in the agency market. (Includes data chart.)