The team that transitioned from Civic Financial Services to CV3 accounted for 90% of Civic’s estimated $3 billion loan production in 2022.

Interest rates on mortgages hit a level last seen in 2000.

Leaders of the Mortgage Bankers Association and the Housing Policy Council argue that the government's role in the mortgage market is too large.

Overall, banks and thrifts held $2.491 trillion of first-lien mortgages at the end of June, up 0.7% from March.

Freddie MBS represented 3.7% of the collateral backing Fannie Supers in the second quarter, the highest level of commingling since the GSEs imposed new fees on such activity a year ago.

Washington Trust Company agreed to spend at least $9 million on lending efforts in majority-Black and Hispanic neighborhoods though the bank won't pay a civil monetary penalty.

Rithm Capital is preparing to issue a $669.9 million expanded-credit MBS.

Brokers saw the biggest sequential increase in FHA/VA business, with volume up 59.1% from the first quarter to $13.35 billion.

“No one wants the CFPB to go away, no one wants the rules to be unenforceable,” said Nanci Weissgold, a partner at the law firm Alston & Bird.

FDIC examiners determined that the bank could have done more to encourage new borrowers to sign up for adjustable-rate mortgages.