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The Federal Home Loan Bank of San Francisco confirmed Thursday night that Silvergate Bank has "fully repaid" the $4.3 billion it was lent in advances late last year. The bank had said in a regulatory filing that repaying the advances "could result in ... the bank being less than well-capitalized."

Purchase and refinance mortgages continued their slide as total origination volume was $475.5 billion during the final months of 2022, down 56% from the end of 2021.

The government-sponsored enterprises will likely have their mainstay bonds exempted from the potential securitization-related rule, but their credit-risk transfers could be subject to it, some experts say.

The increase reflects the rise in the 10-year Treasury yield, which is back above 4% for the first time since that month.

The ownership rate among the group rose 4 percentage points in ten years to top 50%, according to a report by the National Association of Realtors.

The Ohio-based bank concentrated most of its lending branches in majority-white neighborhoods and did nothing to compensate for its lack of physical presence, the DOJ claims.

The business is heavily reliant on mortgage originations and some participants are turning to other sources of income to bolster results.

The price tag for the Colorado-based lender was a "low seven-figure number," its CEO said.

CEO Mat Ishbia touted his firm's competitive pricing strategy as the reason why the company has remained stable against major setbacks and losses at competitors like Wells Fargo and Rocket Mortgage.

Currently, 43 states and the District of Columbia have laws allowing and recognizing RONs, but California has voiced strong opposition to any national legislation

A week after it dropped to a 28-year low, purchase activity decreased again by over 5%, according to the Mortgage Bankers Association.

The filing is the most recent accusation of discrimination in the field, an issue that has drawn attention from the White House last year.

Consumer Financial Protection Bureau Director Rohit Chopra says the bureau is continuing with its enforcement agenda and that financial firms face risks from the Supreme Court case.

In Jay Farner's last earnings call as CEO, management emphasized long-term client development efforts like the forthcoming credit card program.

While Black-owned residential properties increased in value by 42.5%, compared with 38.2% for all houses, Nicole Bachaud, senior economist with the company noted that "we're still a long way from housing equity."

The indictment mirrors one filed in a neighboring Florida community in May 2022, which accused a loan officer of running an identical mortgage fraud scheme. It is unclear whether the two cases are connected.

Financial terms were undisclosed for the most recent acquisition.

The company reported an $80 million loss for the three-month period on mortgage servicing rights declines but $26 million in net income for the year.

The lack of housing — particularly on the lower price range — is becoming an increasingly urgent political issue. But it's also a twisted bramble of tradeoffs that politicians are reluctant to touch.