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DataDigest: Goldilocks and the big IMBs

Housing Wire

The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent mortgage banks sooner than expected.

Retail 370
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Bank regulators issue new Community Reinvestment Act rule

Housing Wire

. “The rule maintains a focus on evaluating bank performance in areas where banks have deposit-taking facilities, but also enables evaluation of retail lending and community development activities outside of branch networks,” Michael S. Barrs, Fed vice chair for supervision, said in a statement.

Retail 406
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With strategic plan, FHFA charts new course

Housing Wire

The conservator of Fannie Mae and Freddie Mac on Wednesday laid out three broad strategic goals for 2022 to 2026: safety and soundness, equitable access to affordable and sustainable housing, and responsibly managing FHFA’s infrastructure. Now, more than a month later, a spokesperson for FHFA could still not provide a timeframe for the plans.