People’s Bank of Commerce and First National Bank of Long Island have shuttered mortgage lending businesses due to rising rates and stiffer competition from nonbanks.

Only 6% of mortgage holders who expect to stay in their current home longer than anticipated attributed the decision to their low mortgage rate.

A handful of lenders stepped on the accelerator in the third quarter, boosting originations and market share. Overall, first-lien lending fell 3.8%.

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.