What does the stalled mortgage job market need? An interest rate cut by the Federal Reserve. Otherwise, limited hiring and layoffs will be the order of the day.

Millennials, defined as borrowers aged 27 to 42, received the majority of mortgage offers made through LendingTree’s platform.

Housing Secretary Fudge resigns; IRS postpones controversial changes to IVES; regulators to alter Basel capital proposal; banking regulators waive appraisal requirements in Maui; feedback sought on bank call-report proposal.

Production of agency high-balance loans held up slightly better than the downturn in non-agency jumbo originations, but both sectors recorded big quarterly declines.

As long as struggling mortgage companies show that they’re on the path to profitability, warehouse lenders say they have their back.

Wholesale-broker platforms took a significantly bigger share of the shrinking refinance market in 2023 as consumer-direct/retail volume lost ground. (Includes six data tables.)

The new program will help reduce the number of buyback requests lenders receive for loans that are defective but still performing.

If regulators take an aggressive stance, the final capital rule could be out by May. The other option would be to re-propose the rule, which could leave the rulemaking unfinished if there’s a change in administration.

Rocket CEO Varun Krishna believes artificial intelligence will drastically help the lender boost originations.

Dramatic reversals in provisions for credit losses drove profits at Fannie Mae and Freddie Mac during the fourth quarter of 2023.