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Onity updates reverse mortgage deal, preps share buyback
Onity won Ginnie Mae approval for its reverse mortgage deal with Finance of America after cutting the servicing rights sold. The move brings Onity closer to exiting originations while preserving subservicing revenue, and it also authorized a share buyback.

Napier AI Teams Up with Concentrix to Boost AML Compliance
Napier AI and Concentrix are pairing AI AML and sanctions screening for banks and Tranche 2 firms in Australia and New Zealand. Mortgage pros can expect faster compliance, fewer false positives, and better audit readiness.

Fed's Barr: Regulatory relief increased big bank profits, not lending
Fed Gov. Michael Barr said recent regulatory relief has boosted big bank profits, buybacks and pay, not lending or community banks. For mortgage pros, looser rules may not expand credit and could raise future systemic risk.
June 3: Servicing, AE jobs; Secondary execution, broker contest, commercial products; webinars of note; Bill Pulte’s job move?
President Trump tapped FHFA Director Bill Pulte to be acting national intelligence director while he still runs Fannie and Freddie. That delays clarity on credit modernization, leaving mortgage pros in limbo on scoring, costs, and execution.

Fannie, Freddie shares dip as Pulte's added role raises questions
Fannie and Freddie shares fell after FHFA Director Bill Pulte was named acting Director of National Intelligence while keeping his GSE roles. Mortgage pros should expect more uncertainty around policy and oversight as Pulte oversees both housing finance and national security.
June 1: Servicing mgt. job; non-QM, HELOC, AI, LOS, eVault tools; gov’t loan program changes; bond investor thinking
Mortgage tech is failing to cut costs and speed, and Figure CEO Michael Tannenbaum says the industry needs infrastructure-level rebuilding, not more patches. For mortgage pros, that means AI and new platforms may reshape origination and servicing workflows far beyond point solutions.

Verification, AI Automation, MERS Audit, Lead Source Products; Webinars and Training
Mortgage tech vendors are rolling out verification, AI automation, MERS audit, and lead-source tools alongside training webinars. For mortgage pros, the key implication is faster, more compliant workflows and better lead capture.

Real estate agents: Before you paste AI copy into the MLS, run this checklist
Real estate agents are being warned to check AI-generated listing copy before pasting it into the MLS. For mortgage professionals, this underscores the need to verify marketing content for accuracy and compliance before it reaches buyers and regulators.
FHA affirms tri-merge requirement for FICO 10T, VantageScore 4.0 rollouts
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May 14: LO jobs; AI MBS trading, AI workflows, sub-servicing, eNote, asset-based lending tools; Colorado revamps AI law
Colorado rewrote its AI law, underscoring that mortgage lenders must track AI rules as closely as they track lending rules. The key implication is that using AI in underwriting, workflow, or guideline support now requires tighter compliance oversight.
Power Moves: Radian, Planet, Polunsky Beitel Green and others make prominent personnel decisions
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How loan officers are saving deals as mortgage rates cross 6.6%
Mortgage rates have crossed 6.6%, raising pressure on borrowers and threatening deal fallout. Loan officers are preserving closings by proactively reworking terms and guiding clients through affordability hurdles.
Christopher Waller, in hawkish pivot, joins the Fed’s anti-easing-bias camp
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Kevin Warsh vows to lead ‘reform-oriented Federal Reserve’ during White House ceremony
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Servicer Retention Fell in Q1, But Remains at Multi-Year Highs
Servicer retention slipped in Q1, but it stayed near multi-year highs. For mortgage professionals, that means keeping and cross-selling servicing remains a strong revenue opportunity despite some cooling.

Supreme Lending’s John Luddy on the ‘3 deadly sins’ of reverse mortgages
The article highlights John Luddy’s warning that three common reverse-mortgage mistakes can hurt borrowers and lenders. Mortgage professionals should avoid these “deadly sins” to reduce risk and protect client outcomes.
Single-family rents notch slight uptick in March
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Mortgage leaders back revised 21st Century ROAD to Housing Act
Mortgage groups support House revisions to the 21st Century ROAD to Housing Act. If passed, it could boost housing supply and ease red tape, but Senate and White House resistance may delay relief for lenders and borrowers.

Gen H to cut rates by up to 30bps
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HELOC, DPA, U/W Fees Waived Products; Delinquencies Edge Higher; Conv. Conforming Changes
Lenders are rolling out HELOC, DPA, and underwriting-fee waivers while conventional conforming rules change. Mortgage pros should expect more competitive pricing pressure and need to adjust product and guideline strategies fast.
Title insurance industry posts bumper year in 2025
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April Housing Inflation Data Fills in The Dots That Went Missing During The Government Shutdown
April’s housing inflation data finally filled gaps left by the shutdown, giving markets a clearer read on price pressures. For mortgage pros, that means less uncertainty on rates and pricing, but not necessarily relief if inflation stays sticky.

Mortgage Strategy’s Top 10 Stories: 18 May to 22 May
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Average mortgage rate creeps downwards, says Moneyfacts
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