Companies with the most gripes filed against them were the three major credit reporting bureaus: Equifax, Experian and TransUnion...

Wholesale-broker activity saw roughly the same rate of decline as the retail channel did...

The more exaggerated the rate moves, the greater the gain or loss.

Compared to the same period a year earlier, retail loan production fell by 23.3 percent at Citigroup...

The IRS resumed providing income verification services a week ago and the agency expected to catch up on volume...

Retail mortgage lending continued to lose market share in the second half of 2018, mostly due to a surge in correspondent production. A new Inside Mortgage Trends analysis of mortgage-backed securities data shows that the retail share of loans sold to Fannie Mae, Freddie Mac and Ginnie Mae fell to 48.6 percent last year. During the fourth quarter, sales of retail-originated loans declined by 14.9 percent, the sharpest downturn among ... [Includes two data charts]

Private mortgage insurers continued to expand their presence in the flow of purchase-money mortgages into mortgage-backed securities issued by Fannie Mae, Freddie Mac and Ginnie Mae. In 2018, lenders sold $243.54 billion of purchase loans with private MI coverage to Fannie and Freddie, a sturdy 13.8 percent rise from 2017, according to an Inside Mortgage Trends analysis. Private mortgage insurance accounted for 46.8 percent of agency ... [Includes two data charts]

Mortgage banking firms employed 245,800 full-timers as of the end of November, the worst reading in 10 months, according to figures compiled by the Bureau of Labor Statistics. Mortgage brokerage firms — listed separately in the BLS tracking system — employed 89,100 workers, a loss of 900 positions from October. A year ago, the broker segment had 92,000 full-timers. The seasonally adjusted figures, which trail the national employment numbers by a month, portend uneasiness ahead for ...

The Consumer Financial Protection Bureau late this week issued two separate reports assessing the effectiveness of its Ability-to-Repay/Qualified Mortgage rule and Real Estate Settlement Procedures Act servicing rule. One critical question of the ATR/QM assessment is the fate of the so-called “GSE patch,” which exempts loans eligible for purchase by the two government-sponsored enterprises from the debt-to-income ratio limit of 43 percent. The exemption is set to expire by ...

Mortgage repurchases by banks and thrifts took an unexpected turn higher in the third quarter of 2018, according to an Inside Mortgage Trends analysis of call report data. The banking industry reported $585.5 million in residential mortgage repurchases or indemnifications during the July-September cycle, a 38.5 percent spike from the previous quarter. The long-term trend still holds to a downward path. Year-to-date, banks and thrifts ... [Includes one data chart]