Still, many states have not rolled out effective HAF programs...

The refinance sector took the biggest hit in the agency market during the first quarter of 2022, though it still accounted for just over half of the loans sold to Fannie, Freddie and Ginnie. (Includes two data charts.)

Another blockbuster year for servicing sales? If the first quarter is any indication, the answer is yes. The key determinant: interest rates.

Although Fannie Mae and Freddie Mac are animals of the secondary market, the FHFA director said they have programs that can increase the amount of housing available.

With home-equity lending suppressed due to tight underwriting standards, nonbanks are finding some success in equity-sharing agreements. The risk: The products may be classified as loans.

When the going gets tough in mortgages, the tough retire. Then again, they can afford to, having made so much money the past two years. But who might replace all those graying CEOs?

Compliance experts are advising mortgage lenders to not let their loan officers get overly creative in their search for new business.

Borrowers still in pandemic-related relief are likelier to have weaker financial capacity, be minorities and live in majority-minority tracts.

In a refinancing scheme involving some 2,500 units, Seth Levine defrauded lenders and investors out of $60 million.

Mortgage bankers far and wide are trimming employees as interest rates continue to rise and refinance wane. But industry employment figures look benign. How can that be?