Housing and Urban Development Secretary Ben Carson told Congress it would cost approximately $500 million upfront to convert FHA’s archaic information technology systems to a modern technology platform.

"If mortgage rates doubled overnight, our model indicates a decline of just 300,000 sales, a mere 5 percent decrease,” said Mark Fleming, chief economist at First American.

The decline in mortgage applications was driven by applications for refinances, as requests for purchase mortgages increased slightly.

“Borrowers continue to move away from applying for loans fully in-person, as they look for a process combining both high-tech and high-touch,” according to Ellie Mae.

An increasing number of areas moved from “sustainable” home price appreciation to “overheated” in 2017, according to Fitch.

Rising rates bolstered servicing values late in the year, but reduced production results…

UWM’s Mat Ishbia: “Through January and February, we did $5.1 billion with brokers and we expect these numbers to continue to grow…”

The fastest-growing program continued to be Ginnie Mae MBS, which shot up 8.2 percent for the year…

BRAWL has worked with the marketing teams at a number of wholesale lenders...

Approvals by state regulators and federal agencies of mortgage-related mergers and acquisitions can drag on for a variety of reasons, but lenders and servicers can help speed the process by providing detailed disclosures, according to industry attorneys. Keisha Whitehall Wolfe, counsel at the law firm of Mayer Brown, suggested providing regulators with details about what is changing at a company due to pending M&A activity and what isn’t changing. She suggested providing a ...