Industry participants are waiting on further details from the FHFA regarding a pilot to waive title insurance requirements.

The CFPB is looking at various closing costs, raising concerns about a lack of competition. Trade groups representing mortgage lenders stress that closing costs are adequately disclosed and well regulated.

Housing Secretary Fudge resigns; IRS postpones controversial changes to IVES; regulators to alter Basel capital proposal; banking regulators waive appraisal requirements in Maui; feedback sought on bank call-report proposal.

Originations declined as did the value of the nonbank's MSR portfolio.

Foreclosure activity declined by 1% on a monthly basis in February.

President Biden's budget proposal for fiscal year 2025 included a brief section addressing the future of the housing finance system.

Adrianne Todman will serve as HUD’s acting secretary following the departure of Marcia Fudge.

“The CFPB’s blog post is baffling and reveals little understanding of how the mortgage market works or awareness of its own regulations that provide for full fee transparency and limits on what can be charged,” said Bob Broeksmit, president and CEO of the MBA.

In recent months, when interest rates have declined even slightly, loan applications have jumped, indicating that potential borrowers are keeping a close eye on interest rates. There could also be some relief on affordability as the inventory of homes for sale increased in February.

Cyberattack will cost loanDepot at least $12 million; average borrower has nearly $300,000 in home equity; home prices overvalued across the country; MSR gain some value; new servicing platform from Sagent; MCT offers TBA pricing indicators; lender launches real estate platform.