The refi share of GSE business saw its first monthly decline since July, slipping from 37.9% in December to 37.4% in January.

Profits declined by 9% compared with the third quarter.

Ranking Member Maxine Waters, D-CA, praised the House's bipartisan effort to pass the Housing for the 21st Century Act, but said one bill isn't enough to fix the housing affordability crisis.

The agencies agreed to implement four recommendations from the Government Accountability Office.

When asked Tuesday during Zillow’s earnings call whether mortgage lending is profitable for the company, company officials declined to directly answer the question.

Rocket is the first nonbank to have the largest portfolio of owned servicing thanks to its acquisition of Mr. Cooper Group.

H.R. 6644, the Housing for the 21st Century Act, passed on a 390-9 vote.

The updated process requires that consumers first dispute the information directly with the credit or consumer reporting agency.

The advocates said trade groups representing mortgage companies and others should encourage their members to “liberally grant forbearances, payment deferrals and other accommodations to impacted Minnesotans.”

For part of January, the average interest rate on locks for rate-term refis was below 6.0%.