InMortgageFinance

Inside Mortgage Finance: What the Mortgage Market Reads, since 1984. Industry Data, News & Analysis. Also on LinkedIn:

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Better and Coinbase have announced that they will expand the availability of their Fannie Mae-backed cryptocurrency mortgage program this summer. The program funded its first loan this week, which used Bitcoin assets to help qualify a borrower. https://t.co/bAhpr6ftBW

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BNY is partnering with Snapdocs to provide BNY’s clients eVault and eCustody infrastructure, touchless collateral delivery, document intelligence and the potential to expand beyond mortgage collateral. https://t.co/yxZFa1gLUW

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Some 8.89% of purchase-mortgage applications were denied last year, down slightly from 9.03% in 2024, according to a new IMF analysis of Home Mortgage Disclosure Act data. https://t.co/1VrxfBBVlq

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In a letter sent to certain shareholders, Two Harbors’ board reiterated their approval for CrossCountry Mortgage’s bid for the company. It highlighted CCM’s fully committed financing for a deal and the board’s review process for picking CCM over UWM. https://t.co/bAhpr6g1ru

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AmeriHome Mortgage was the only lender among the top five to increase its conventional-conforming volume on a quarterly basis in 1Q26, according to a new IMF ranking. AmeriHome had $9.53 billion of conventional-conforming business in 1Q, up 2.2% from 4Q. https://t.co/Z5sQQL21v9

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Veterans United held its top position among correspondent sellers of government-insured loans in 2025 with $7.73 billion, but its sales were down 8.2% from 2024. Learn more about nearly every company making originations with IMF’s HMDA Dashboard. https://t.co/AZzq5MQqBT

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NewDay USA’s closing-cost loan offering is a secondary, unsecured loan underwritten with an interest rate that’s slightly higher than the mortgage. If borrowers pay off the closing-cost loan within the first year of origination, NewDay refunds the interest https://t.co/W2yIuqPw2D

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Income Engine, a new platform designed to make non-QMs more accessible, is “a non-QM for an LO who doesn’t have to learn all the programs or anything else. [It’s] for the borrower that doesn’t need to learn about all the programs,” its co-founder says. https://t.co/6xbLaEQJEW

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.@moodysratings updated its methodology for assessing RMBS to include assessments of second-lien, fixed-rate mortgages originated in 2009 and beyond. Moody’s adopted as-is the proposed update it issued in February, save for some clarifications on SaTO. https://t.co/7sVKRjRQRa

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Rocket Pro announced “The Big Pitch,” a broker tech contest with a grand prize of $100,000. Participants will submit a short video explaining the problem they want to solve through technology and Rocket will develop prototypes for three finalists’ ideas. https://t.co/UlfZyjH4JF

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Onity has received regulatory approval for the sale of the company’s reverse mortgage servicing rights portfolio and certain reverse originations assets to Finance of America. The deal was revised based on discussions with Ginnie Mae. https://t.co/UlfZyjH4JF

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Allowing FHA to offer zero-down loans to certain first-time borrowers would only incrementally increase risk to the FHA’s Mutual Mortgage Insurance Fund, @urbaninstitute researchers say. https://t.co/eq4vNfVyn3

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Rocket Mortgage is offering savings to consumers who use a Redfin agent through lender credits and commission discounts. And it’s planning more discount offerings through its multiple brands, potentially around personal loans, HEL and cash-out refis. https://t.co/1Z09bgeRMm

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Jeffrey Bode, CEO of Click n’ Close, said eClosings and eNotes brought the lender significant operational efficiency, with eNotes alone saving about $100 per loan by improving securitization timelines and freeing up warehouse credit. https://t.co/wMyuz3L9A4

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Two of the FHLBanks experienced a double-digit increase in profits in 1Q26. At the FHLBank of New York, net income jumped 16.7%, from $132 million to $154 million. And at the FHLBank of Indianapolis, profits climbed 11.0% to $81 million. https://t.co/iJ8PfDnmQD

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Mortgage industry insiders say that it is unlikely the administration will be able to execute any sort of public offering for Fannie Mae or Freddie Mac following the announcement that FHFA Director Bill Pulte will serve as the acting DNI. https://t.co/zuY33we10s

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In the first quarter of 2026, Figure Technology Solutions crossed the $1 billion monthly marketplace origination mark, and in March, more than $1.15 billion of whole-loan sales were executed on Figure Connect, the company’s whole-loan marketplace. https://t.co/ylUdv4Fw5b

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The CBO estimates the federal government in FY 2026 will provide $293.43 billion in loans and loan guarantees to rural households: $27.43 billion will come from the USDA’s Rural Housing Service, $69.13 billion through FHA and $38.39 billion through VA. https://t.co/BCRaR0mPSx

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The outcome of the capital requirements in the Basel III re-proposal could affect the ARM market. The proposal aims to reduce various mortgage-related capital requirements for banks, which are the primary providers of ARMs. https://t.co/iKsUHARGpT

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Ellington Financial is marketing a $285.8 million MBS packed with agency-eligible investor and second-home loans, its fourth agency-eligible loan MBS of 2026. Some 82.6% of loans in the upcoming deal are originated and serviced by Pennymac. https://t.co/5ujy2kMgVV