“The CFPB’s blog post is baffling and reveals little understanding of how the mortgage market works or awareness of its own regulations that provide for full fee transparency and limits on what can be charged,” said Bob Broeksmit, president and CEO of the MBA.

Under FHFA's new pilot, lenders can originate some refis without obtaining title insurance.

Jumbo mortgages accounted for 14.7% of total first-lien originations in 2023, the lowest share for the sector since 2010.

According to an analysis by Inside MBS & ABS, $1.88 billion of VA rate/term refinance loans were included in Ginnie MBS issued in February 2024, compared with $298.5 million in January.

A decrease in competition from banks is helping Velocity Financial with business purpose loans.

President Biden proposed a tax credit of $400 a month to put toward a mortgage.

Federal Reserve Chairman Jerome Powell said major revisions to the proposed capital requirements for large banks are likely.

Must of the increase in bank ABS holdings seen during the fourth quarter of 2023 was due to a portfolio securitization at BMO Harris Bank.

As long as it has at least 12 months of data, a single asset verification report will now be sufficient to validate a borrower's income, employment, assets, and positive rent payment and cash flow history.

New York Community Bancorp has its third CEO in less than two weeks.