Mortgage buybacks at banks increased slightly on a quarterly basis in the second quarter, though repurchase volume was down 30.4% on an annual basis in the first half of the year.

Guaranteed Rate is telling mortgage applicants that its loan officers are "always on" thanks to a new LOS app.

“Our goal is to basically find a way to preserve that flexibility to allow streamlined tools and servicing,” said Mark McArdle, assistant director of mortgage markets at the CFPB.

The class members are 85 Black and Hispanic employees who between February 2011 and April 2022 worked in the CFPB’s Office of Consumer Response in non-supervisory positions.

The Fed didn't touch interest rates Wednesday but suggested that another increase in rates is likely this year.

GSE MBS issuance declined by 6.2% on a monthly basis in August.

The CFPB warned that lenders that use artificial intelligence and other "black box" credit models need to provide specific reasons for denying credit to loan applicants.

"It’s really difficult to predict with certainty and detail what exactly is going to happen in the third quarter of 2026," said Leda Bloomfield, branch chief for policy and equity at the FHFA.

The requirements were published in August 2022, providing issuers with a long lead time to gain compliance.

Applications increased even as interest rates ticked up.