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A $740 million jury verdict against Amrock was thrown out by a Texas appeals court that said tech firm HouseCanary failed to prove the big title insurer stole its trade secrets to build a competing real estate analysis tool.

But there was an increase in private-label mortgages in forbearance.

Nonbank mortgage hiring inched down when overall employment plunged in April. The subsequent recovery in overall jobs suggests the housing-finance industry is still bearing up well despite coronavirus-related strain.

Mortgage industry hiring and new job appointments for the week ending June 5.

One criticism of the CARES Act is that it provides relief only to borrowers with government-backed loans. Bills in New York and California would cover the remaining 30% of homeowners.

Independent mortgage banks started 2020 strong after three quarters of high profits, according to the Mortgage Bankers Association.

The policy comes more than a month after a different agency issued similar guidance for loans backed by Fannie Mae and Freddie Mac.

The Consumer Financial Protection Bureau seeks to address challenged posed by the sunset of the London interbank offered rate at the end of 2021.

Mortgage rates increased slightly this week as indicators point to an economic revival, including increased home sales activity, according to Freddie Mac.

Nine years of annual home price gains are expected to come to an end by next April, according to CoreLogic, although prices in Southern California are projected to continue rising.

Self-service portals fielded at least half of coronavirus-related forbearance-plan requests and made it possible to handle an influx at a challenging time, but the GSEs recommend circling back to borrowers.

The new FHFA rule sets a percentage-based threshold to measure compliance, rather than Home Mortgage Disclosure Act data.

Millennial refinance activity hit a new high-water mark behind historically low mortgage rates, up 40 percentage points from the year before, according to Ellie Mae.

The FHFA looks to shed light on the amount of funds Fannie and Freddie will need to hold for their risk-sharing deals.

Purchase mortgage application volume continued its upswing as consumers acted on record low rates, but high unemployment and low inventory could hold home buying activity back in the future, the Mortgage Bankers Association said.

The firm also predicts that the coronavirus pandemic will delay the GSEs' release from government control.

Just like volatility begets volatility, calmness helps support continued calm.

With would-be sellers too spooked to list their homes and would-be buyers held up due to social distancing orders, home price appreciation accelerated in April. And it could continue into the summer.

Dallas-area home prices are expected to decline for the first time since the Great Recession.

The funds will be used to support housing, job training and aid for small businesses in communities that have been disproportionately affected by the pandemic.