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The company is in the final stages of its exit from this part of the MSR market.

Joshua Ronen is a professor of accounting at New York University Stern School of Business and co-editor of the Journal of Law, Finance, and Accounting.

The pushback the government insurer faced over the revised standards led it to delay deadline for implementation by a full year, to December 31, 2024

In an appeals court filing, the Consumer Financial Protection Bureau wrote that a federal judge "ignored regulatory text, history and context" when she ruled against a PNC customer. The consumer argues that the bank shouldn't have pulled funds from his checking account after he was tardy in making payments on his home equity line of credit.

Jay Starkman is an Atlanta CPA and author of "The Sex of a Hippopotamus: A Unique History of Taxes and Accounting.

A record number of homes are being delisted as sellers face a sharp drop in demand, according to real estate brokerage Redfin.

The range in the size of mortgages to be insured by the agency in 2023 runs between $472,030 to $1,089,300, while maximum claims on HECMs will similarly increase.

By the end of the second quarter of 2022, over 45% of Black and Hispanic white applicants were rejected because of elevated DTI largely caused by rising rates, the Consumer Financial Protection Bureau said.

These types of transactions largely disappeared from the market for years after the Great Recession.

The decline brings nonbank employment to a level last seen around eight months after refinancing from the pandemic rate drop first inflated industry payrolls.