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The withdrawn loan level pricing adjustment matrix changes were mostly about election-year politics and the Federal Housing Finance Agency's plan for credit scoring changes is even more impractical, the Chairman of Whalen Global Advisors writes.

The Consumer Financial Protection Bureau alerted staff this week that text messages had been sent to employee personal phone numbers claiming to be from Director Rohit Chopra.

The Federal Reserve meeting May 2-3 will be closely watched for hints about what the FOMC's next move is. Join BNP Pariba U.S. Economist Yelena Shulyatyeva at 11 a.m. May 4 as she takes a look at the meeting and Chair Powell's press conference.

The Federal Reserve Board governor said adopting policies on climate change are not necessary and risk hurting the central bank's credibility.

"I think it's going to get worse for banks — more regulations, more rules and more requirements,'' JPMorgan Chase CEO Jamie Dimon said in a Bloomberg Television interview from Paris on Thursday.

Volume climbed up to $13.3 billion from $8 billion in February, per Polygon Research's report.

Refinance applications surged by almost 10%, the highest level of activity since September, with federally backed activity jumping by almost 24%.

The country's third-largest originator saw revenue tick up in the first quarter off of higher servicing income and more pull-through weighted rate lock volume from lower average interest rates, it said.

The president of the Federal Reserve Bank of New York said the performance of office loans is a top supervisory issue, but not an immediate threat to financial stability.

April interest rate drops provided momentum for an upturn, but more consumers also thought the outlook for buying and selling was headed in a favorable direction, according to Fannie Mae.

Both tools are currently in use by eligible customers with waitlists open to others who are interested.

Management provided upbeat commentary both about the period and how the second quarter is progressing.

The Department of Housing and Urban Development's report from its inspector general calls for clarity around the government guarantors rapid relocation extinguishment processes.

Merger arbitrage traders were expecting hiccups in Toronto-Dominion Bank's proposed takeover of First Horizon, but they were unprepared for its cancellation.

MSR marks weighed down results again but by less than in the previous quarter as the company worked on offsets and restated some adjusted numbers.

The companies cited an inability to secure regulatory approvals after postponing multiple times a closing that had been originally expected last fall.

Changes to loan-level price adjustments are perfectly consistent with the FHA's mission and with the safety and soundness of Fannie Mae and Freddie Mac.

The government-sponsored enterprise improved slightly upon the previous quarter's numbers, but contraction in lending remains a risk.

Judge Kenneth Marra granted the servicer a summary judgment, ruling all of the government's claims were previously covered by the National Mortgage Settlement.

Meanwhile, the average purchase loan amount surged to its highest level in 2023, showing signs of continued demand amid limited inventory.