Proposed capital requirements for large banks would create “perverse incentives” for banks regarding securitization activity, according to a new analysis by the Securities Industry and Financial Markets Association.

CalCon Mutual Mortgage plans to issue a $576.2 million non-agency MBS with mortgages eligible for sale to the GSEs. It will be the first non-agency MBS from the issuer.

Black Knight didn’t receive all of the damages it sought from PennyMac while the nonbank servicer is now free and clear to use proprietary technology that’s less expensive than Black Knight’s offerings.

The $576.2 million non-agency MBS is the first from CalCon Mutual Mortgage.

Alliant Credit Union is now offering government-insured mortgage products.

Among a group of large lenders, the broker share of the government-insured market declined to 20.4% in the third quarter, down from 21.2% in the second quarter.

Jamie Dimon, chairman and CEO of JPMorgan Chase, raised concerns about a capital requirement proposal at a hearing in Congress Wednesday.

Refi applications are up on an annual basis while purchase-mortgage demand lags.

An arbitrator issued an interim award of $155.2 million for Black Knight.

In 2022, Fannie Mae reported that it purchased just 45 of loans with attorney opinion letters.