The CFPB reached settlements with Freedom Mortgage Corporation and Realty Connect, a real estate brokerage. The firms will pay a total of around $2 million for various allegations around illegal referrals.

According to early estimates by the office of Hawaii Gov. Josh Green, D, on the number of homes in Maui County that might have been impacted, 5,200 mortgages were owned by Freddie Mac, 9,800 by Fannie Mae and 2,400 by Ginnie Mae, including 1,300 FHA mortgages and 927 VA loans.

Each mortgage originated in the second quarter of 2023 generated an average pre-tax net loss of $534, compared to a loss of $1,972 per loan in the first quarter, according to the MBA.

Industry economists project that interest rates on mortgages will peak during the third quarter...

According to the Supreme Court, damages for violations of the Fair Housing Act can't extend beyond the first step of the improper activity.

Shellpoint handled servicing on $3.10 billion in non-agency MBS issued in the second quarter of this year, a 33.2% decline from the previous quarter.

The Departments of Agriculture and Housing and Urban Development recently issued a proposal for new energy standards for new construction.

Mortgages in the new non-QM MBS from Change have seasoned for an average of just one month.

Not all lenders are cutting staff...

PennyMac delivered $28.62 billion of mortgages with primary MI into agency MBS issued in the second quarter.