Rather than hedging MSRs, UWM relies on its origination capabilities and sells some MSRs.

Ginnie Mae's revisions come one day after the FHA raised the maximum loan limit for Title 1 loans on manufactured housing.

Lenders should shift their marketing spend from trigger leads to other sources, according to Jimmy King, CEO of BankingBridge, a mortgage marketing technology company.

Mat Ishbia, chairman and CEO of United Wholesale Mortgage, suggested that competition from nonbanks is helping to push banks out of the mortgage market.

The Supreme Court heard oral arguments Tuesday on whether states can require banks to pay interest on funds held in servicing escrow accounts.

Banks' income from mortgage banking operations declined by 24.6% in the fourth quarter.

UWM's margins declined slightly in the fourth quarter but, for the full year in 2023, were well above the level seen in 2022.

Insurance won't fully cover loanDepot's expenses from a cyberattack that occurred in January.

Holdings of residential MBS at banks increased by 5.6% in the fourth quarter of 2023, ending a two-year decline.

Despite underlying issues with the mortgage market, the FHFA's conservatorship over Fannie Mae and Freddie Mac looks unlikely to end.