The CFPB examined direct mail ads for reverse mortgages.

Chase originated all of the mortgages in its latest jumbo MBS.

Some $36.47 billion of Ginnie MBS was issued in August, essentially level compared with July.

Banking trade groups also called for a re-proposal or a new 120-day comment period.

“I think a lot of companies bet late last year and early this year that rates would be materially lower by now than they are,” said Brian Hale, CEO and founder of Mortgage Advisory Partners.

Kroll Bond Rating Agency looked at about 220,000 loans to more than 300,000 borrowers to assess the impact of going from tri-merge credit scoring to bi-merge.

Demand for refis fell to a level seen at the beginning of the year...

Expanded-credit mortgages accounted for 2.5% of total first-lien originations in the second quarter.

The shift from a tri-merge credit report process to a bi-merge standard will take longer than initially planned.

The MBA generated a profit of $11.4 million for the fiscal year ending Sept. 30, 2022, up from $976,186 in income in FY 2021.