The Community Home Lenders of America last week wrote to the CEOs of credit bureaus Equifax, TransUnion and Experian, asking them to roll back recent price increases on soft credit pulls.

The banking industry reported a slight contraction in its servicing for others in the fourth quarter of 2023. Wells Fargo accounted for a significant share of the industry’s decline. (Includes data table.)

One area of particular concern among quality control regulators is mortgage servicing rights transfers, a Mortgage Quality Management & Research vice president said last week.

The company estimates mortgage technology segment revenue growth in the low to mid-single-digit range this year. The segment boosted revenue by 17% in 2023.

Research shows that minority homebuyers are more likely to be approved for a loan if their loan officer is a Democrat.

Increases in property taxes and home insurance that bump escrow amounts could put homeowners in financial hardship, according to a new survey by Lereta.

Executives at Kind Lending and Paramount Residential Mortgage Group said lenders need to boost staffing levels to be prepared for increased originations this year.

Proceeds from the recent issuance have largely gone toward paying down the companies’ debt issuance from 2021 when they needed funds for their refi business.

A Senate Banking subcommittee last week heard testimony on the pros and cons of using artificial intelligence in the housing industry.

Although almost all of the cost of funding a loan through MBS is passed through to consumers, borrowers only see about 40% of the “cost” of a specified pool pay-up.