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February 2026

Judge denies motion to halt racial equity mortgage program

Industry News, Law and legal issues, Originations, Racial bias /

A federal district court in Washington State denied a claim for a preliminary injunction in a lawsuit to halt a special-purpose credit program aimed at addressing racial disparities in homeownership rates  Processing Content Nonprofit advocacy group Foundation Against Intolerance and Racism first filed suit in late 2024 against the Washington State Housing Finance Commission. Founded […]

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Mr. Cooper exec jumps to Sagent for AI rollout

Mr. Cooper exec jumps to Sagent for AI rollout

Career moves, M&A, Mortgage technology, Servicing /

Mortgage servicing technology provider Sagent has hired another former Mr. Cooper executive to a leading role, naming Sridhar Sharma as president. Processing Content Sridhar Sharma, formerly chief innovation and digital officer at Mr. Cooper, is the new president of Sagent. Sharma joins Chris Marshall, the former Mr. Cooper president who became Sagent’s executive chairman in

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FHFA, Ginnie pledge tighter nonbank oversight

Capital markets, Politics and policy, Secondary markets /

The Government Accountability Office has issued new warnings about the public sector’s exposure to nonbank mortgage risks and said the Federal Housing Finance Agency and Ginnie Mae have agreed to do more to manage them. Processing Content The GAO indicated the nonbank share of the secondary mortgage markets that the FHFA oversees as conservator and

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Fed’s Schmid says restrictive rates needed to cool inflation

Economic news, Federal Reserve, Mortgage Rates /

Federal Reserve Bank of Kansas City President Jeff Schmid said the US central bank should hold rates at a “somewhat restrictive” level, as he expressed continued concerns over inflation that remains too high. Processing Content “In my view, further rate cuts risk allowing high inflation to persist even longer,” Schmid said Wednesday in prepared remarks

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Fannie Mae g-fee gains outweighed by loss provisions, valuations

Earnings, Fannie Mae, Secondary markets /

Fannie Mae’s net interest income from its core business rose during the fourth quarter, but its net earnings fell due largely to loan-loss provision adjustments and interest rate-related negative valuation changes. Processing Content The government-sponsored enterprise earned $3.5 billion and generated nearly $7.3 billion net interest income during the fourth quarter of 2025.  In comparison,

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AI will ease the home-price crisis, if state lawmakers let it

AI will ease the home-price crisis, if state lawmakers let it

Artificial Intelligence, FHFA, Mortgages, Regulation and compliance, Trump administration /

The federal government should step in to prevent an emerging patchwork of state regulations from stifling the benefits of applying the tools of generative artificial intelligence to the mortgage market, writes Leah Price, of the Tinman AI Platform.Adobe Stock The federal government in December took the first steps toward steamrolling any potential bottlenecks that states

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US adds 130,000 jobs in January; unemployment rate falls

Economy, Employment data, Monetary policy, Politics and policy /

Key insight: The better-than-expected jobs report saw 130,000 jobs added in January, while unemployment dropped to 4.3%.  What’s at stake: The Federal Reserve is watching the numbers closely as Chairman Jerome Powell considers the central bank’s dual inflation and employment mandate.  Forward look: The strong job numbers reduce the need for the Fed to slash

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Zillow profit view misses on cool housing market, legal costs

Earnings, Zillow /

Zillow Group Inc. forecast first-quarter profit that falls short of analyst estimates as the home-search site balances legal costs from ongoing litigation and expenses from the company’s partnership with Redfin. Processing Content The Seattle-based company said Tuesday it sees adjusted earnings before interest, taxes, depreciation and amortization range with a midpoint of $167.5 million for the three

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