There's an interplay between how the proposal would impact larger banks and the effects on nonbank mortgage companies.

Eric Hagen, an analyst at BTIG, said PennyMac’s offering “could lead to more, although it’s tough to say who could be next.”

Interest rates could stay for higher than longer than previously expected...

Mortgage buybacks at banks increased slightly on a quarterly basis in the second quarter, though repurchase volume was down 30.4% on an annual basis in the first half of the year.

Guaranteed Rate is telling mortgage applicants that its loan officers are "always on" thanks to a new LOS app.

“Our goal is to basically find a way to preserve that flexibility to allow streamlined tools and servicing,” said Mark McArdle, assistant director of mortgage markets at the CFPB.

The class members are 85 Black and Hispanic employees who between February 2011 and April 2022 worked in the CFPB’s Office of Consumer Response in non-supervisory positions.

The Fed didn't touch interest rates Wednesday but suggested that another increase in rates is likely this year.

GSE MBS issuance declined by 6.2% on a monthly basis in August.

The CFPB warned that lenders that use artificial intelligence and other "black box" credit models need to provide specific reasons for denying credit to loan applicants.