The IRS filing shows that the trade group had more than 2,225 members at the end of September 2023 compared to 2,275 a year earlier.

Even with interest rates on mortgages coming down, home sales have been tepid in recent months, with potential buyers waiting for even lower interest rates.

Though supportive of DPA programs to boost housing affordability, some industry participants raised concerns about the agenda working.

Although many mortgage banking companies lost money last year, the Mortgage Bankers Association remained in the black.

New construction will play a larger role in the purchase market over the next few years, according to Michael Fratantoni, chief economist and senior vice president of research and industry technology at the Mortgage Bankers Association.

Mortgage industry trade groups want the bureau to explore the repercussions on markets and consumers of any new rule or regulation concerning mortgage closing costs.

Industry trade groups cautioned the CFPB that limits on mortgage closing costs could be beyond the bureau’s authority.

The Mortgage Bankers Association and the National Reverse Mortgage Lenders Association suggested changes for Ginnie’s planned HMBS 2.0 program.

Hundreds of individuals, associations and trade groups submitted comments regarding the CFPB’s request for information on mortgage closing costs.

Mortgage servicers should consider factors specific to borrowers’ circumstances when offering loss-mitigation options to avoid foreclosure, according to a recent Mortgage Bankers Association report.