In a statement of interest, the Department of Justice said the court should hold that the Fair Housing Act applies to discriminatory appraisal practices.

The servicer will pay $1.5 million to settle a class action alleging it recorded phone conversations with mortgagors without their consent.

Okay, so the first eight weeks of the year have been tough on originators. However, it looks as though Russia’s invasion of Ukraine could cause the Federal Reserve to move slowly on interest rates.

Warehouse finance was a great business to be in the past two years. But with rates rising and primary market originations slipping, all bets are off. The spring homebuying season should bring some relief. (Includes data chart.)

In January, the GSEs took in a significant volume of mortgages with balances greater than the baseline conforming loan limit for 2021. Note: A number of lenders had given themselves a head start on 2022 loan limits.

An improving economy made it possible for the mortgage giant to generate $5.10 billion in credit-related gains in 2021.

The mortgage fintech revealed nine-month results but where’s 4Q21? Hard to say. Bottom line: More red ink is expected.

The FHA said its multifamily portfolio has proven to be consistently resilient to significant COVID-19 impacts, and temporary underwriting requirements were no longer needed.

Acting Comptroller of the Currency Michael Hsu believes updated CRA standards should reflect changes in the business of banking, particularly the increased use of mobile and internet delivery channels.

A great time to sell mortgage servicing rights? Indeed. Meanwhile, Home Point has hired ServiceMac to be its third-party loan processor...