The arguments before the Seventh Circuit Court of Appeals centered on whether the CFPB has the authority to extend the Equal Credit Opportunity Act’s protections to cover prospective applicants.

Better Mortgage cannot communicate with its underwriters on wage-and-hour issues unless it receives approval from a district court.

Finance of America is ready to unload the last remains of its MSR portfolio. But it comes at an interesting time: Rates continue to fall, thus impacting asset prices.

Economists project a modest uptick in mortgage originations next year as interest rates are expected to continue to fall. But the decline in rates will depend on how quickly inflation comes under control.

The GSEs’ new multifamily loan acquisitions came to just $82.7 billion in the first 10 months of the year. That was down 23.8% from the first 10 months of 2022.

With the cost of credit reports rising, many lenders have begun increasing their use of cheaper soft pulls for borderline borrowers. However, lenders say credit bureaus are raising the price for those as well.

Subservicing volume declined during the third quarter, which might explain some of the recent consolidation in the space.

It’s unclear whether loans that have gone into forbearance post-pandemic will be eligible for new repurchase alternatives.

When it comes to warehouse finance of nonbanks, one lender’s exit could be another’s opportunity for future growth, at least that’s what executive Kevin Mitzit of Wintrust is hoping for.

Lenders have launched a variety of products to reduce downpayment costs for GSE-eligible borrowers.