While originations and revenues sink at fintech Better, management remains well compensated, which is sure to irk suffering shareholders.

New programs from United Wholesale Mortgage and The Loan Store highlight the unique ways lenders are pushing for wholesale broker business in today’s high interest rate environment.

The comment deadline is now Jan. 16 and the Fed launched a data collection effort; Homestar Financial calls it quits.

Extending rep-and-warrant relief to loans that successfully exit COVID-19 forbearance could further reduce the already small volume of buyback requests.

Third-quarter results from the publicly traded megabanks have arrived. The mortgage read: mostly lower originations, but higher MSR marks.

In the smoke and dust of a production collapse is the best time to be a buyer of other shops. That’s the philosophy of CMG Mortgage, now a top-20-ranked lender that should continue to climb in the league tables.

Home price appreciation expected to slow; Fitch downgrades ratings on Finance of America; OCC plans survey of consumer trust in banking.

Locked-in low interest rates and large amounts of tappable equity are compounding an already constricted housing market.

The MBA, NAHB and NAR want the Fed to announce it’s done raising interest rates and that it won’t sell MBS holdings until there’s some stability in the housing market. The request could fall on deaf ears.

The current bad times for lenders can’t last forever. Eventually, the Federal Reserve will ease credit and normalcy will return to the industry. But before we get there, more job cuts will be the order of the day.