The forbearance level only increased by 2 basis points from May, but it was the first increase in forbearance since October 2022.

Bank trade groups raised concerns that a recent request for input from FHFA “appears to contemplate significant regulatory action not undertaken at Congress’ direction.”

Non-QM lender Acra Lending has been profitable in the last three years.

The $507.9 million Citi deal includes loans originated by Rocket Mortgage and others...

The bank share of agency servicing fell to 34.5% as of the end of June.

The guidance will help assist financial institutions in risk mitigation for deficient appraisals.

The bank’s gain-on-sale margin from mortgage production declined slightly.

Bright suggested reducing the loan limits that apply to deliveries to the government-sponsored enterprises.

“Sellers are increasingly cutting prices to entice buyers struggling with affordability,” said Skylar Olsen, chief economist at Zillow.

Some $77.98 billion of purchase mortgages without MI were included in agency MBS issued in the second quarter, a 35.1% increase compared with the first quarter.