While many smaller nonbank mortgage companies struggled during the third quarter, a group of 15 public nonbanks increased their earnings by more than 20% on a sequential basis.

Mortgages originated through brokers accounted for nearly 20% of the bank's total originations in the first half of 2023.

Seeing plenty of room in FHA's capital ratio, lender trade groups are calling for an end to FHA's requirement of MI for the life of the mortgage.

It was originally thought that publicity generated by the consent order would cause at least some of Cenlar’s subservicing clients to switch vendors. But so far, that hasn’t happened.

The senators said VA should pause foreclosures for borrowers who will likely qualify for the Veterans Assistance Servicing Purchase program.

“We have shown it is possible to meet the mission while also being fiscally prudent and being a good steward of taxpayer funds,” said FHA Commissioner Julia Gordon.

A turnaround is unlikely until the second quarter of 2024, according to Marina Walsh, a vice president of industry analysis at the MBA.

Complaints submitted to the CFPB increased by 8.7% on a quarterly basis.

Fannie President David Benson and Chief Administrative Officer Jeffery Hayward announce their retirements.

Mortgage applications were up 2.8% on a weekly basis while interest rates stayed put.