The growth came largely from purchase-mortgage lending.

According to an analysis by Inside Mortgage Finance of data from the Home Mortgage Disclosure Act, Open Mortgage originated $480.9 million of mortgages in 2023, with FHA loans accounting for 38.6% of that volume.

Many lenders are ceasing operations without filing for bankruptcy.

Newfi said it chose Dunmor as a partner because of its technological expertise in the RTL space.

VA stressed that borrowers should still negotiate their buyer-broker fee and that homebuyers can still ask sellers to pay the fees at closing.

The senator says the FHLBs, which will receive $7.3 billion in federal subsidies this year, paid a whopping $3.4 billion in dividends to members...

The researchers reviewed DOJ settlements with 17 banks and bank affiliates between 2008 and 2017.

Brokers accounted for 19.1% of first-lien originations in the first quarter, up from 17.5% in the previous quarter.

The MBA anticipates that the fed will cut rates in September while some suggest there's a possibility that a rate cut won't occur until 2025.

SPS, which has been servicing residential loans since 1989, handles a portfolio of about $180 billion, largely of loans in non-agency mortgage-backed securities.