Most of the industry's declining balance of servicing for others was attributable to Wells Fargo, JPMorgan Chase and Bank of America.

Mortgage lenders posted a net gain of $1,675 per origination in the second quarter, the best quarter the industry has seen since the third quarter of 2016, the Mortgage Bankers Association said in a recent report.

The average age of first-time homebuyers is increasing and the buyers are less likely to be married, according to a recent analysis. The average age of buyers in 2017 was 34 compared with 30 in 2009.

More than $1.70 million has been raised by mortgage borrowers toward their downpayments through CMG Financial’s crowdfunding platform HomeFundIt.

Weighing in on how to fix the qualified mortgage rule, smaller lenders have suggested a higher debt-to-income ratio cap.

The nation’s 12th largest servicer, continues to lose money, but in early August company insiders started buying stock in the firm.

Fannie and Freddie will no longer require that lenders ask homebuyers for their preferred language during the mortgage application process.

Limited housing supply hurt lenders’ efficiency metrics in 2018, according to a benchmarking study by Mortgage Cadence. The average time to close a mortgage increased sharply and pull-through rates declined.

Borrowers in completely rural areas were more likely to pay higher interest rates and walk away unhappy with their mortgages, according to a new study from the government-run National Mortgage Database.

New Residential is increasing its emphasis on ancillary services. The REIT also announced a $200 million stock repurchase program.