Production in the segment has been driven by three fluctuating macroeconomic forces: mortgage rates, inflation and housing prices.

At April 30, loan brokers employed 114,700 full timers.

Funding for the Department of Housing and Urban Development is expected to be remain static in 2024 compared to this year’s levels.

Figure Lending's newest MBS will include recently originated first- and junior-lien home equity lines of credit with an unpaid principal balance of $205.4 million.

In certain areas, Chase is offering mortgage shoppers $200 to consider a mortgage from the bank.

After 2023, his bonus could reach 200% of his base salary...

The purchase-mortgage share is growing as refinance business dwindles.

Vice President Kamala Harris announced the issuance of a joint rulemaking proposal on automated valuation model use in assessing transaction collateral, as well as several other coming developments in the appraisal space.

“MLOs don’t want to touch non-QM if they don’t have to,” said Aaron Samples, the former CEO of First Guaranty Mortgage.

Ginnie President Alanna McCargo is confident nonbanks will be able to meet pending capital requirements.