Mortgage industry policy will be subject to more swings as administrations change, according to Ed DeMarco, president of the Housing Policy Council.

The fine levied by the Department of Labor for emotional damages followed a whistleblower complaint involving PrimeLending.

Earnings from both originations and servicing took another hit in the fourth quarter of 2023.

“MBA objects to the bureau’s overbroad interpretation of the scope of its abusiveness authority,” wrote Pete Mills, a senior vice president of residential policy and strategic industry engagement at the MBA.

The delinquency rate on the conventional loans is 5.23%.

In 2023, the Fed realized a loss of $56 million on its agency MBS holdings.

Figure Technology Solutions filed a confidential S-1 statement.

The industry’s aggregate trading-account portfolio, which is measured in fair value, has been growing since the start of 2022.

“Our review found that when all relevant factors are controlled for, which CNN did not do, the difference in approval rates between Black and White borrowers falls to less than 1%,” said Debo Adegbile, a partner at the law firm of WilmerHale who was hired by Navy Federal to complete the review.

CSBS stressed that it develops and maintains the National Multistate Licensing System required by the statutory authority of the Secure and Fair Enforcement for Mortgage Licensing Act.