Borrowers who obtained mortgages in recent years are prime targets for refis as interest rates decline.

A proposal from the Urban Institute calls for a revamp of the refi process to make it more equitable for lower-income borrowers and borrowers of color.

A request for information is expected from the bureau as early as the end of this month.

Only 23 lenders completed IRRRL endorsements in the final three months of 2022.

To combat such “churn,” the agency is now advocating changes, including the establishment of a formal Ginnie/VA working group...

The five-point action plan includes initiatives to create a more diverse appraiser workforce and raise awareness about consumer rights.

For Freddie Mac, 2021 was even more profitable than 2020, but quarterly trends suggest this year will be more normal.

As the refinance business slows, employers should be careful not to use the downturn as an excuse to cut back on compensation, hiring experts warn. Despite lower originations, LO recruiting remains a key focus.

Analysts at Keefe, Bruyette & Woods expect prepayment rates on agency MBS to decline further in 2022 as fewer borrowers have incentives to refi.

Loan officers’ commissions decreased 17% year-over-year during the third quarter, driven by a hefty 37% drop in refinance commissions.