Marina Walsh, vice president of industry analysis at the trade group, said she expects the mortgage industry to experience “a little more pain."

More bad news for Blackstone's reverse lender, Finance of America...

Most of the increase in bulk MSR transfers in the third quarter came from Mr. Cooper’s acquisition of Home Point Financial’s portfolio. But coissuance activity increased more than total agency MBS issuance. (Includes three data charts.)

The mortgage industry and housing policymakers have more work to do in developing home loan products targeted to helping close the racial homeownership gap, speakers at an Urban Institute conference said.

Maintaining internal policies and documenting employees’ work practices are vital to effectively managing the return-to-office transition, according to industry participants.

While significantly fewer lenders have deployed AI technologies over the past five years, the share of lenders who are using the tech in a limited or trial basis has increased, a Fannie survey showed.

Locked-in low interest rates and large amounts of tappable equity are compounding an already constricted housing market.

Increased screening during underwriting helped mortgage fraud risk decline 3.1% compared to last year, according to CoreLogic.

Both Fannie Mae and Freddie Mac have eased the rules that limit the use of rental income to qualify for a mortgage.

Market dynamics tied to the pandemic cut nonperforming loan sales at the GSEs by more than 66%. Fannie Mae accounted for almost all of the sales.