In the report published last month, the CFPB highlighted LO comp issues at lenders that brokered products they did not offer in-house.

Researchers found that the difference between the interest rates charged to Black borrowers and white borrowers narrowed significantly following BLM protests.

Visio-Beach Point Mortgage Trust is marketing a $191.6 million non-agency MBS.

Some 195,000 mortgages were in forbearance as of the end of July, according to the Mortgage Bankers Association.

RE/MAX also faces mounting legal bills as various antitrust class action cases are heard this fall and next year...

Mortgage originations increased by 35.7% on a quarterly basis to an estimated $340 billion in the second quarter.

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...