Researcher Tom Popik said lenders may be missing opportunities to leverage strong homebuyer contacts acquired through the mortgage preapproval process.

Shelby noted that Congress “has a responsibility to conduct proper oversight” over the FHFA and the GSEs.

The American Bankers Association said it “strongly supports the principle of accountability and balance, and commends the sponsor of this measure for working to improve the accountability of the bureau.”

The new disclosures have forced PHH to withdraw previous earnings guidance where it estimated a slight profit or breakeven for 2016.

Wells Fargo spokesman Tom Goyda called FHA lending an “important tool” for the bank.

The gains in retail and broker share came at the expense of the correspondent channel, where total GSE sales fell 7.4 percent from the fourth quarter…

In their recent exchange of letters, Sen. Corker articulated a handful of serious concerns with the TRID rule, while Cordray reiterated the ways the bureau has tried to help the industry…

But there was some good news: the percentage of single-family mortgages made to first-time home buyers continues to climb…

The new guidance allows a 50 percent reduction in the percentage used to calculate monthly student-loan payments...

The New Jersey-based Freedom is no ordinary FHA lender. According to Inside FHA/VA Lending it ranked third nationwide in FHA production last year with $4.52 billion.