Refi business could spike by upwards of 70% next year thanks to expectations for lower interest rates, according to economists at Fannie Mae.

Details from Fitch Ratings on earnings at CrossCountry were tied to ratings for a planned $600 million debt offering from the privately-held lender.

The bureau found that WaFd sufficiently complied with the terms of consent orders dating to 2013 and 2020.

“You’ve got an ever-increasing number of investors and insurance companies, securitizers and aggregators, all competing for what feels like a smaller set of loans,” said Clint Thomas, vice president of correspondent lending at Silver Hill Capital.

While interest rates declined again last week, mortgage applications didn't move much.

Compass and Anywhere Real Estate have separate mortgage joint ventures with Guaranteed Rate.

Kroll Bond Rating Agency is facing increased competition in assessing non-agency mortgage-backed securities.

FHA shut down its loan review system after users reported having issues logging in.

Jim Rosen, head of product management and services at Mortgage Cadence, said lenders need additional guidance from FHFA and the GSEs.

Sales of existing single-family homes in California increased by 0.9% on a monthly basis in August.