The Department of Housing and Urban Development said general counsel Robert Couch is leaving the department and appointed Michael Flynn to be the acting general counsel. Mr. Flynn is a career attorney at HUD who previously served as general deputy general counsel. Mr. Couch became HUD general counsel in June 2007. A former Alabama thrift executive, he was elected chairman of the Mortgage Bankers Association in 2003 and was confirmed by the Senate to be president of Ginnie Mae in June 2006.
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The fintech integrates with payroll systems of employers to arrange early access to earned wages for its customers.
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Larger public companies' high-profile servicing acquisitions tend to get the spotlight, but the two top leaders in the Ginnie MSR market are quieter players currently run as private companies.
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Hometap's product provides homeowners with cash in exchange for a share of their home's future value, but the company has been faced with legal challenges claiming deceptive marketing.
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Mortgage apps fell 6% as rates hit a near three-year high, but ARM share reached its highest since October 2025 and 21% of listings saw price cuts, openings for buydown pitches.
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ICE announced Wednesday the launch of Residential Whole Loan Evaluations, which extends its evaluated pricing process to individual, unsecuritized loans.
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The rare critique co-filed by an industry trade group suggests mandatory detention of noncitizens is contributing to a slowdown in new home construction.
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