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.

Seven publicly held nonbanks reported a combined loss of $47.8 million on their mortgage banking operations in the second quarter as interest rate volatility hammered their servicing books.

Originations are booming but the government’s latest reading on mortgage employment wasn’t exactly encouraging. Still, interviews conducted by Inside Mortgage Trends reveal that many shops are looking to hire.

TD Bank was the top volume gainer among residential lenders in the second quarter but barely made the top 50 volume ranking in the first half of the year. Moral of story: the bigger you are, the harder it is to post huge percentage gains.