Varun Krishna will also be CEO of Rocket Mortgage.

The OCC entered into a consent order with Cenlar in 2021.

An estimated $400 billion of mortgages were originated in the second quarter.

The proposal could reduce banks’ participation as single-family and commercial/multifamily lenders, servicers, and providers of warehouse lines and mortgage servicing rights financing, according to the MBA.

PennyMac was the largest mortgage lender in the first quarter of 2023, though the nonbank posted a loss from its production segment at the time.

Prices for non-QMs sold as whole loans are down a bit while spreads on MBS are declining, indicating increasing demand.

Interest rates on mortgages are set to decline, according to NAR's economist.

Capital requirements for mortgages at big banks would vary based on LTV ratio.

The total delinquency rate on agency MBS hit 2.60% at the end of June.

The CFPB noted abusive practices in the mortgage market and many other sectors.