CrossCountry Mortgage will be the first MBS issuer to exclusively use the new FICO 10-T credit scoring model.

Barbara Cooper-Jones will put her retirement plans on hold for a few months to help ensure a smooth transition for her eventual replacement.

Carrington Mortgage non-QM expert returns; Bilt Rewards to offer mortgage payment rewards following funding round; Colonial Savings to launch new mortgage servicing ecosystem; TD Bank announces community impact plan to target LMI and minority borrowers.

The MBA is taking its concerns about rising costs for obtaining credit scores to the Federal Housing Finance Agency, the Consumer Financial Protection Bureau and the Federal Trade Commission, among other entities.

The surge in securitization is driven by nonbanks that have boosted home equity lending as refinance business dried up in 2023.

At the direction of the Federal Housing Finance Agency, Fannie Mae and Freddie Mac are reformulating their Social Index to make it more attractive to investors while still protecting the privacy of borrowers.

The securitization is the first issuance of 2024 through the Chase Home Lending Mortgage Trust shelf.

Purchase-mortgage applications increased even as interest rates inched up.

Change Lending, Arc Home, Caliber Funding and NewRez had zero expanded-credit loans securitized in the fourth quarter.

AGNC Investment generated $412 million in net income in the fourth quarter.