After joining the nationwide mortgage subservicer earlier this year as CFO, former head of CitiMortgage and WaMu Home Loans David Schneider has been named new company President.

An upcoming Senate Banking Committee hearing will focus on protecting our nation’s veteran population, with a discussion on VA housing assistance programs.

The MBA reports that volatile interest rates and stresses on some property markets have increased delinquency rates backed by commercial real estate properties in Q2, trending upward alongside the national residential mortgage delinquency rate.

Through enforcement efforts to address redlining nationwide, the U.S. Justice Department reports it has collected millions in relief for communities of color nationwide that may have experienced discrimination during their homebuying process.

Building on feedback from stakeholders and research, three federal agencies have issued updates to the 50-plus-year-old Community Reinvestment Act to strengthen and modernize its regulations to better achieve the purposes of the law.

The OCC, FDIC, and Federal Reserve have outlined a framework for the safe and sound management of exposure to climate-related financial risks for large financial institutions. Here’s what that means for the industry.

Ted Tozer, former President of Ginnie Mae, has issued a paper via The Urban Institute detailing how Ginnie Mae could be utilized to support the nation’s housing system through the financing of independent mortgage banks. Click through to read Tozer’s entire proposal.

In a letter to the FHFA, a coalition of eight U.S. Senators are asking the Agency to implement reforms to credit scoring models that could impact access to creditworthy borrowers. Click through to read arguments from both sides of the issue.

In an effort to reduce the size of its retained mortgage portfolio, Freddie Mac has sold 88 non-performing residential first-lien loans as part of the GSE’s Extended Timeline Pool Offering.

A new RE/MAX report spotlights which metros are seeing the most significant increases. Click through to read the full report and learn what other “seasonal trends” are in play.