Employee count increased at United Wholesale Mortgage in 2023, while at Rocket Companies it was down 20.5% on an annual basis. (Includes data table.)

The CFPB is looking at various closing costs, raising concerns about a lack of competition. Trade groups representing mortgage lenders stress that closing costs are adequately disclosed and well regulated.

Industry trade groups as well as analysts believe the proposed waiver pilot is purely a political gesture and will, in fact, expose borrowers and lenders to financial risk.

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.