Income verification services provided by the IRS could continue to operate during a government shutdown; Rocket leads the way on raising loan limits; Redfin leaves NAR.

Banks and thrifts held $44.06 billion of mortgages for sale as of the end of June, up 8.1% from the end of March.

While FICO 10 T won't be used for GSE mortgages for some time, Movement will use the scoring model for non-agency mortgages.

The amount of mortgages nonbanks originated in California in 2022 was more than double the volume in the second-ranked state.

Rate locks were down across mortgage products in September, including a large drop in cash-out refis.

Justices appointed by Republican presidents were among those who expressed some skepticism about arguments offered by the Community Financial Services Association of America.

A coalition of consumer groups, including the National Consumer Law Center, recommend that lenders adopt a reconsideration of value process “as close to mandatory as possible outside a formal rule.”

An amicus brief filed by the Mortgage Bankers Association and other housing industry trade groups was discussed Tuesday in the Supreme Court.

Delaware Supreme Court Chief Justice Collins Seitz wrote that ACE’s argument against making an insurance payout would effectively exclude “just about anything remotely connected to the professional service” from receiving insurance coverage.

Rocket leads the pack on expanding conforming-loan pricing ahead of 2024 loan limits.