The nonbank is set to acquire mortgage servicing rights and the servicing operations of Rushmore Loan Management.

CFPB Director Rohit Chopra cited the mortgage industry as an area of concern.

“There’s nothing like being in a room and being able to discuss what are the hiccups, where from a policy standpoint can we do better,” said John Bell, executive director of the VA loan guaranty program.

First Republic Bank's stock price dropped by 50% the day after the bank released earnings for the first quarter.

Loans with MI represented 63.8% of total mortgage-backed securities issued by Fannie, Freddie and Ginnie in the first quarter.

First Republic Bank plans to shift to originating loans for sale into the secondary market.

In 2022, loanDepot lost $610.3 million compared to a profit of $623.1 million the year before.

Distressed sales of MBS helped to bring down Silicon Valley Bank.

First Republic is altering its originate-to-hold strategy as deposits shrink.

Industry stakeholders believe the new upfront fee changes are unworkable and penalize more qualified borrowers.