“We are really having a working class, middle-class insurance affordability problem around the country,” said Michael Hecht, CEO of Greater New Orleans Inc.

Thanks to a steady decline in mortgage rates during the last quarter of 2023, the bond market has been rallying of late, lifting MBS values.

Mortgage origination revenue at FICO more than doubled in the fourth quarter of 2023 compared with the fourth quarter of 2022.

The CFPB has concerns about lenders reducing LO comp in an effort to increase originations.

Gross profits and profit margins on home sales fell from 2022 to 2023, marking the first year-over-year decline since 2011.

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.