The lender removed the percentage split between loan officers and NEXA as well as some of the costs tied to other comp structures.

Housing affordability concerns are being blown out of proportion, according to Stanley Middleman, CEO of Freedom Mortgage.

Redfin found that 71.6% of ARM borrowers can refinance into a 30-year fixed rate that is at least 50 bps lower than their original rate.

The think tank believes a smaller federal footprint in the mortgage market is the best way to lower prices and encourage homeownership.

Fannie Mae has reportedly fired 10 senior executives, including senior vice presidents Mark Palim and Devang Doshi.

Executives at the credit reporting agencies and scoring companies said the deployment of FICO 10T and VantageScore 4.0 scores will have cascading effects on the primary and secondary mortgage markets.

The new third‑party origination channel, BrokerBrand TPO, is led by industry veteran Bob Marseilles.

The Trump administration is running short on time to get more regulatory changes through the pipeline, according to panelists at the Mortgage Industry Standards Maintenance Organization’s fall summit.

Though interest-only loans are a good option to address affordability, they are not necessarily for every borrower.

The double-pledge protection program offers lenders automated portfolio scrubbing to identify potential collateral overlap.