HELOC, DPA, U/W Fees Waived Products; Delinquencies Edge Higher; Conv. Conforming Changes

As the legal and proxy battles are waged among Two Harbors, UWM, and CrossCountry, today I head to New York for the MBA's Secondary & Capital Markets Conference. John Wooden said, “Failing to prepare is preparing to fail” and across the land, over a thousand people are avoiding failure by preparing, lining up sessions, meetings, and hallway chats, along with social events. Participants had better prepare for sticker shock: $30 cocktails. Several topics are dealing with the regulatory environment, and I received this note. “Rob, whatever happened to the confusion and lawsuits about funding the CFPB? Is the organization alive?” Good questions. Yes, it is alive, and, in general, that’s a good thing. For example, if LO comp regulations are changed, who else is going to do it? Each state? On the funding question, there was some lawsuit news you should know about. Specifically, in a decision that delivered a direct rejection of the Trump Administration’s CFPB plans, a federal judge has ruled that the Bureau must continue to request funds from the Federal Reserve Board. (Today’s podcast can be found here and this week’s ‘casts are sponsored by nCino, and its Mortgage Suite that supports a modern homeownership journey. This week at nSight 2026, mortgage leaders will explore how AI, intelligent automation, and connected experiences are reshaping lending operations and borrower engagement. Hear an interview after 9AM ET with Click n' Close’s Delores Lopes on the role of a COO in this technological age, as well as women in leadership roles.)