Prior to the second quarter of 2024, lenders participating in the MBA survey posted losses, on average, for eight consecutive quarters.

The REIT and Cherry Hill Mortgage Management, the external manager owned by Stanley Middleman, disagree about whether CHMI should pay an $18.4 million fee to terminate the external management agreement.

“The economy is not sending any signals that we need to be in a hurry to lower rates,” said Federal Reserve Chair Jerome Powell.

Some $15.44 billion of refis were pooled into Ginnie MBS in October, a 25.7% jump from the previous month.

The three executives hired by CrossCountry previously held similar positions at PennyMac.

CSBS is reminding MLOs of their yearly continuing education requirements in the midst of the annual renewal season.

Splitero received a $300 million investment from funds managed by Antarctica Capital, a private-equity firm.

Among LOs that knowingly use AI, the most cited use was for marketing efforts.

The loss was largely from a negative $878.3 million change in the fair value of mortgage servicing rights.

Officials at the nonbank said they’re “managing towards profitability in the midterm.”