Trade Groups Seek Reforms to Help Bank Lending June 5, 2025 Brandon Ivey In response to deregulatory efforts by the Trump administration, the MBA and ABA suggested ways to boost bank mortgage activity.Read More
Grapevine: Wells Freed From Asset Cap; VA Partial Claims Update June 5, 2025 Brandon Ivey and Emmeline Willey The Fed lifts asset cap imposed on Wells Fargo; bill to establish VA partial claims program introduced in Senate; mortgage applications slow.Read More
CFPB Plans Actions on Some Major Mortgage Rules June 5, 2025 Brandon Ivey The CFPB indicated that it plans to rescind some provisions under the LO comp rule, along with changes to servicing standards.Read More
Voxtur Seeing Interest Amid Strategic Review June 5, 2025 Brandon Ivey The mortgage tech vendor has been operating with a “going concern” warning for more than a year.Read More
Short Takes: Bowman Confirmed in Fed Role / Pulte’s ‘Interesting’ Meetings / A&D Expands FHA Offerings / New Prime Non-Agency MBS June 5, 2025 Brandon Ivey The confirmation of Michelle Bowman as vice chair for supervision at the Fed could prompt the Fed to begin to make regulatory changes.Read More
Fed Removes Asset Cap on Wells Fargo June 4, 2025 Brandon Ivey The cap and other regulatory issues prompted numerous adjustments at Wells, including a retreat on mortgage lending and servicing.Read More
Jumbo Share of Originations Increases in First Quarter June 4, 2025 Brandon Ivey An estimated $49.0 billion of non-agency jumbos were originated in the first quarter of 2025.Read More
Servicers Spreading Property Insurance Burden Across Years June 4, 2025 Brandon Ivey Some mortgage borrowers now face higher monthly payments for taxes and insurance than for the principal and interest obligations tied to a mortgage.Read More
Short Takes: ‘Golden Age of Homeownership’ / Rocket Plans $4.0 Billion in Debt Offerings / Smaller Debt Offering From PennyMac REIT / Bonus for Ending Asset Cap June 4, 2025 Brandon Ivey The Trump administration will usher in a "Golden Age of homeownership," according to HUD Secretary Scott Turner.Read More
Court Sides With Rocket on Disputed Stock Sale June 3, 2025 Brandon Ivey 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.Read More