Mortgage applications declined slightly from a week prior.

Closed-end seconds remained the most common type of home equity loans for securitization in the second quarter, accounting for 50.5% of issuance.

Committee members warned that the former CEO's return would negatively impact the progress Better has made since his departure from the company.

AI is being used across the compliance process to make reviews more efficient, according to industry experts who spoke on a podcast hosted by the Conference of State Bank Supervisors.

Delinquencies improved on a year-over-year basis, declining 5% from July 2025 to July 2026.

Among the changes, Carrington's program now allows eligible alternative-documentation borrowers to qualify with FICO scores as low as 550.

A group of 13 publicly traded nonbanks reported a combined $2.20 billion in mortgage-banking income for the second quarter, down 32.3% from the first quarter.

Pulte-led Federal Housing Finance Agency presides over further reductions in the senior staff at Fannie Mae, terminating as many as a dozen executives last week.

Industry groups — including the Community Associations Institute, the Community Home Lenders of America and the National Association of Realtors — made their displeasure about the change to condo loan applications known in a recent joint letter to Federal Housing Finance Agency Director Bill Pulte.

As part of the merger, UMortgage CEO Anthony Casa will join NEXA as an executive partner.