The Fed lifts asset cap imposed on Wells Fargo; bill to establish VA partial claims program introduced in Senate; mortgage applications slow.

The CFPB indicated that it plans to rescind some provisions under the LO comp rule, along with changes to servicing standards.

The mortgage tech vendor has been operating with a “going concern” warning for more than a year.

The confirmation of Michelle Bowman as vice chair for supervision at the Fed could prompt the Fed to begin to make regulatory changes.

The cap and other regulatory issues prompted numerous adjustments at Wells, including a retreat on mortgage lending and servicing.

An estimated $49.0 billion of non-agency jumbos were originated in the first quarter of 2025.

Some mortgage borrowers now face higher monthly payments for taxes and insurance than for the principal and interest obligations tied to a mortgage.

The Trump administration will usher in a "Golden Age of homeownership," according to HUD Secretary Scott Turner.

Shareholders sued Rocket in 2021 following a stock sale, claiming that Rocket sold stock when officials at the company had material nonpublic information suggesting that Rocket’s business — and share price — were poised to decline.

“People are pausing because of rampant uncertainty,” said Michael Fratantoni, chief economist and a senior vice president of research and business development at the MBA.