A close reading of the Federal Open Market Committee’s statement Wednesday suggests that the Fed’s next move will likely be a cut, according to the MBA.

The commission structure for real estate agents is poised for a shakeup in the wake of the legal issue facing the National Association of Realtors.

Incenter is marketing a sale of GSE MSRs with a total unpaid principal balance of $15.06 billion.

The GSE servicing share among large independent mortgage banks went from 36.6% at the end of September 2023 to 36.9% at year-end.

This year's scorecard includes more focus on the multifamily businesses of Fannie Mae and Freddie Mac.

The bank's gain-on-sale margin fell from 59 basis points in the third quarter of 2023 to 32 bps in the fourth quarter.

One chief concern: Warehouse borrowing covenants have been breached.

Demand for purchase mortgages declined last week even as interest rates stayed level.

Mortgage borrowers filed only 2.4% fewer complaints last year than in 2022.

Pulte boosted its originations in the fourth quarter while production was down at NVR.