Highlighting how algorithmic bias was leading to new, harder-to-detect digital redlining, Chopra said, “We need to make sure we have the skill sets in house"...

Recent data indicate very few Ginnie borrowers who reached 18 months of forbearance then became current on their mortgage.

First Republic Bank also stands out among the 30 companies: Its jumbo servicing portfolio increased by 4.2%...

Mortgage originations held steady despite an uptick in interest rates.

Market watchers believe the activity was driven, in part, by exceptional home price appreciation and more interest in the sector among lenders.

Also, because Thompson is a Democratic appointee, she likely is leaning toward the option of using the government-sponsored enterprises to improve the lot of low-income borrowers.

If former bureau attorneys are found engaging in violations, the CFPB said it will “make referrals to state licensing bodies and bar associations that may wish to consider disciplinary proceedings.”

The package is top-heavy in California product at 27%. Florida is next at 17%...

One East Coast financier said his bank is seeing several 2022 line renewals at “the same level as this year” and just one reduction overall.

It was the first time that purchase-mortgage business represented the biggest source of new FHA/VA lending since the third quarter of 2019...