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The new automation, which processes information on tens of thousands of projects, is designed to be useful to lenders financing single family units.

However, Julia Gordon is now on the record saying that the agency is actively analyzing whether or not to do so, and it's considering the potential magnitude and composition of a reduction.

The agency expects one in five borrowers to be eligible for the new pricing benefits.

The government agency, an arm of the Department of Housing and Urban Development, plans to implement the change by no later than the first quarter of 2023.

The mortgage market is reeling from the central bank's strategy of raising rates and reducing its holdings of mortgage-backed securities. Lenders face the worst headwinds in more than a decade.

The New York-based software provider will provide post-closing quality control and quality assurance reviews.

The industry is only about a third of the way to where it needs to be, an analyst from the Mortgage Bankers Association said at the trade group's conference Sunday.

The San Francisco mortgage trading platform also added two other tech leaders to its governance team after raising $37 million early this year.

The top five had more than $15 billion in mortgage servicing in Q2.

As the MBA meets in Nashville, many IMBs will be looking for buyers or wondering whether to turn off the lights entirely and go home, writes the Chairman of Whalen Global Advisors.