Mat Ishbia, president and CEO of UWM, said “retail competitors and large servicers are intensely working to solicit” borrowers who received their existing mortgages through brokers.

Previous industry changes — the Uniform Mortgage Data Program, the single security initiative and the transition away from the London Interbank Offered Rate — took longer than expected to put into place and caught some stakeholders flat-footed.

Mortgage repurchases and other indemnifications by commercial banks and savings institutions in the second quarter were the lowest since before the 2008 financial crisis.

Buying a home is “roughly affordable again at the national level,” according to Zillow.

Currently, Dan Gilbert, Rocket’s chairman, owns about 93% of the company’s stock.

Income from mortgage production increased in the second quarter as servicing income declined.

There's a back-and-forth happening between courts on where a challenge to a final rule from the CFPB on credit cards should be heard.

Given confusion around the commission structure for home sales, it’s important for loan officers to advise real estate agents and become a source of knowledge for homebuyers, according to Jonathon Haddad, CEO of the Association of Independent Mortgage Experts.

Applications for both purchase mortgages and refinances were up modestly last week.

The Federal Reserve responds to industry criticism by back-pedalling on some of the more aggressive capital requirements in the proposal.