In the second quarter, all but four of the 50 largest jumbo lenders posted increases in originations.

A decline in median loan amounts offset a modest increase in mortgage rates, which helped lower median mortgage payments in July, according to the Mortgage Bankers Association.

MBA CEO Bob Broeksmit came to the defense of the FHA program and nonbank participants after the Wall Street Journal’s editorial board suggested nonbanks had engaged in risky underwriting under the government guarantee.

Founded by mortgage industry veteran Ben Anderson, Cindie is designed to work alongside mortgage professionals throughout the lending process.

Former Meta executive named CEO of Redfin; Former Rocket Pro GM named CEO of Informed; CV3 Touts technology for growth; Knock brings buy-before-you-sell product to Texas.

Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to end support for special purpose credit programs earlier this year. But now other agencies are also ending authorization for the programs.

The nonconforming sector posted a 23.5% fain from the first quarter.

But real movement on mortgage insurance premium cuts isn't likely to happen at least until polling results indicate which party will control the next Congress.

Recent vintages are showing deterioration in debt service coverage ratios compared to their levels at underwriting, according to Trepp.

Better's board is concerned that removing directors could give former CEO Vishal Garg outsized influence.