A report by Fitch Ratings forecasts a sharp drop in originations and declining GOS margins that will put pressure on earnings for smaller nonbank lenders.

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

After settling OCC charges on how it manages subservicing risk, Cenlar faces the possibility some of its clients might bolt for the competition. But will they?

A consumer advocacy group with a high profile filed complaints against Movement Mortgage and Fairway Independent for lending violations under the Fair Housing Act.

Transitioning borrowers from COVID-related forbearance to a loan modification or other resolution entails time-consuming and detailed work, Federal Reserve Governor Michelle Bowman warned.

Almost across the board, origination profitability improved in the July-September period, but some lenders remain nervous and a shake-up could be coming as 2022 approaches.

Community Reinvestment Act requirements that traditionally have only applied to depositories will be imposed on nonbanks in New York. The MBA warned that the standards are “unworkable.”

Fannie and Freddie could spend another 15 years in conservatorship before their retained earnings are sufficient under the existing capital rule.

Additional nonbanks could tap the debt market in the months ahead. The reason: rising asset valuations on mortgage servicing portfolios.

In his first appearance before congressional leaders, CFPB Director Rohit Chopra addressed his priorities for the bureau, including enforcement and regulations.