Banks and thrifts held $44.06 billion of mortgages for sale as of the end of June, up 8.1% from the end of March.

“There’s no point in leaving money on the table that’s been allocated,” said Pamela Perry, a vice president of single-family equitable housing at Freddie Mac.

While FICO 10 T won't be used for GSE mortgages for some time, Movement will use the scoring model for non-agency mortgages.

The amount of mortgages nonbanks originated in California in 2022 was more than double the volume in the second-ranked state.

Rate locks were down across mortgage products in September, including a large drop in cash-out refis.

Justices appointed by Republican presidents were among those who expressed some skepticism about arguments offered by the Community Financial Services Association of America.

Among the top 100 lenders, banks accounted for 30.9% of originations in the second quarter, up from a 29.9% share in the first quarter.

A coalition of consumer groups, including the National Consumer Law Center, recommend that lenders adopt a reconsideration of value process “as close to mandatory as possible outside a formal rule.”

Chase increased the agency MBS in its trading accounts by $11.20 billion during the second quarter, boosting its total to $86.52 billion.

An amicus brief filed by the Mortgage Bankers Association and other housing industry trade groups was discussed Tuesday in the Supreme Court.