Commercial banks and savings institutions generated $2.00 billion in mortgage-banking income in the second quarter, up 8.7% from the prior period.

"We don’t see much upside to the index in the near future, barring significant improvements to home affordability, which we also don’t expect," said Doug Duncan, a senior vice president and chief economist at Fannie Mae.

“Lenders should follow the standard eligibility and comparable sale selection requirements for site-built housing,” Fannie said of 3D-printed homes.

One of Progrexion Marketing’s affiliates falsely advertised that it “guarantee[d] anyone a 0% to 3.5% down home loan no matter how bad their credit is when we start!”

Investors in GSE stock are still pushing for Fannie and Freddie to exit conservatorship...

Rocket Mortgage was the top GSE seller in the direct channels in 23 states in the first six months of 2023. United Wholesale Mortgage was the leader in 12 states.

“FHFA is going to have to step in again, because it’s becoming a big issue,” said Mat Ishbia, president and CEO of United Wholesale Mortgage.

Expanding the Fair Credit Reporting Act’s dispute and accuracy requirements to a broadened definition of credit reporting agency could lead some industries to stop reporting or furnishing consumer credit data, according to Dan Smith, newly appointed president and CEO of the Consumer Data Industry Association.

Some of SnapDocs’ clients have embraced eClosings for 70% to 80% of their loans, while others have been slower on the uptake.

A reduction in interest rates wasn't enough to help increase mortgage applications last week.