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GSE loans acquired in the period have higher loan-to-value and debt-to-income ratios and lower credit scores, which Milliman said boosted serious default risk.

Late-payment rates among U.S. borrowers rose again in the second quarter, according to a report from the New York Fed. The trend reflects a sharp increase in student loan delinquencies, which have been climbing as pandemic-era policies have expired.

The real estate investment trust this spring purchased $147 million of loans including HELOCs, completed two securitizations and closed a senior note offering.

A Texas federal court ruled that borrowers suing Mr. Cooper over its data breach in 2023 had "sufficiently alleged injury," thus refusing to dismiss parts of the case.

The fintech firm announced it has taken the first formal step in going public via the filing of a draft registration statement on S-1 with the SEC.

The forward-flow agreement with the lending fintech comes as home renovation spending surged during the first half of this decade.

Volatility hiked MSR hedging costs and hurt origination margins. But net income to common shareholders almost matched that seen during the previous quarter.

The president said he would soon announce a replacement for departing Fed Gov. Adriana Kugler, adding that it's a "possibility" that his selection for that seat on the Federal Reserve Board will be tapped as the next Fed Chair.

President Donald Trump accused two of the nations' largest banks of rejecting his business, following a report his administration was preparing an executive order threatening financial institutions who refused to do business on ideological grounds.

Shellpoint Mortgage Servicing said it "unfortunately" ok'd the transaction when an individual posed as a homeowner using state and federal identifications.

Lenders and servicers must determine how quickly to act as some legislators look to enable the move a key regulator has ordered while others urge deliberation.

The removal of the commissioner of the Bureau of Labor Statistics is unlikely to change government data practices in the near term, experts say, but the perception of interference will have a big effect on the credibility of government economic metrics going forward.

Dominick Marchetti and Sean DeJulia, former Loandepot executives who helped develop the company's mello platform, are returning as chief digital officer and chief innovation officer, respectively.

President Trump and his administration have begun to scrap new mortgage lending guidelines that made it easier for home buyers and sellers to dispute property appraisals, finding that homes owned by racial minorities are routinely valued lower than comparable homes with white owners. But despite the promised regulatory relief, many mortgage lenders say the regulatory changes will not impact their lending practices.

Cassidy, whose experience is in multifamily, is currently HUD principal deputy assistant secretary, running the government insurer on an acting basis.

The Consumer Financial Protection Bureau sent a letter to the Government Accountability Office last week criticizing a probe into the bureau's funding request for 2025, insisting that acting CFPB Director Russell Vought has "sole discretion'' to determine funding and staffing levels.

The legislation will prohibit credit companies from consumer's data to third-party lenders in what advocates say is a win for consumer privacy.

Alternative asset manager Canyon Partners is committing $250 million to buy new mortgage bonds created by A&D Mortgage LLC, a partnership that will help the mortgage finance company substantially increase the pace of its bond sales. 

US Treasuries, coming off their best day so far this year on Friday, held onto most of the move to start a week featuring a heavy slate of note and bond auctions.

Joseph Gormley has been nominated as Ginnie Mae's first permanent president since May 2024, with industry leaders praising his housing finance expertise.