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Rate Lock-in Not Primary Factor in Moving Plans

May 9, 2024
James Dohnert
A new survey shows that higher interest rates may not be the only thing stopping homeowners from moving.
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GSEs Continue to Profit in a Time of Dearth

May 2, 2024
Dennis Hollier
Even though the mortgage market continued to struggle, Fannie Mae and Freddie Mac generated healthy profits in the first quarter of 2023 thanks to their business models.
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Freedom Attributes Lending Boom to Loan Characteristics

May 2, 2024
Brandon Ivey
Freedom Mortgage more than doubled its production from the fourth quarter to the first. Mike Patterson, COO of the nonbank, said the growth was driven by attractive loan characteristics.
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Lenders Face Skyrocketing Costs for Credit Scores

May 2, 2024
Dennis Hollier
Lenders argue that dramatic price hikes by FICO have inflated their credit score costs by as much as 500% since 2022.
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An Uneven Story on 2023 Mortgage CEO Comp

May 2, 2024
Paul Muolo
What’s a mortgage CEO worth in a dicey origination market? According to an early read of proxy filings, some chief executives received nice pay packages last year, while others saw reductions.
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A New High for Origination Losses

May 2, 2024
Paul Muolo
Per loan origination losses hit a 15-year high last year. But is the worst of it over? It depends on the shop.
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California Bill Targeting Automation Tools Irks Trade Groups

May 2, 2024
James Dohnert
A new California bill that seeks to regulate the use of automated decision tools is facing strong opposition from the Mortgage Bankers Association and other trade groups.
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Lenders Oppose HUD Rules on Energy Efficiency, Floods

May 2, 2024
Monica Hogan
The Department of Housing and Urban Development has finalized rules that would modernize residential building standards.
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Industry Participants Ponder Affordable Housing Options

May 2, 2024
Shannon Clark
A reduction in closing costs, down payment assistance programs for first-generation homebuyers and investing in communities that need housing could all lead to more affordable housing access.
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CFPB Dives Into Mortgage Servicers’ ‘Junk Fees’

April 25, 2024
Shannon Clark
The CFPB this week issued a report regarding numerous “junk fees” charged by mortgage servicers. The servicers were generally ordered to refund the fees and change their practices.
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