Homes in 88% of metropolitan statistical areas in the country are overvalued, according to Fitch Ratings.

Applications for purchase mortgages for new homes were up in November while total purchase-mortgage application volume was down on an annual basis.

Loan applications declined even as interest rates came down further.

Debo Adegbile, the lawyer retained by Navy Federal, is a former commissioner on the United States Commission on Civil Rights.

Fannie Mae expects a slow pace of recovery from previously recessionary levels of housing activity.

The Financial Stability Oversight Council pointed to systemic issues if nonbank servicers fail.

S. 3502, the Homebuyers Privacy Protection Act, received prompt support from a number of industry trade groups.

Citibank this week issued two credit card securitizations totaling $1.5 billion. The bank’s last credit card deal was in October 2018.

FDIC member suggests delaying capital requirements; Ginnie strengthens reporting requirements for nonbanks; confusion on Mr. Cooper’s reporting to Ginnie MBS investors; GSEs prep green disclosures; LendingPoint securitizations on watch for downgrade amid servicing issue.

Better Mortgage cannot communicate with its underwriters on wage-and-hour issues unless it receives approval from a district court.