"If mortgage rates doubled overnight, our model indicates a decline of just 300,000 sales, a mere 5 percent decrease,” said Mark Fleming, chief economist at First American.

The decline in mortgage applications was driven by applications for refinances, as requests for purchase mortgages increased slightly.

The 4,710 small mortgage lenders wouldn’t have to report new data points sought by the Consumer Financial Protection Bureau for originations in 2018 and beyond, according to an analysis by Inside the CFPB.

The planned $327.16 million issuance is largely stocked with current mortgages that haven’t been modified.

“Borrowers continue to move away from applying for loans fully in-person, as they look for a process combining both high-tech and high-touch,” according to Ellie Mae.

An increasing number of areas moved from “sustainable” home price appreciation to “overheated” in 2017, according to Fitch.

The IRS recently formed a working group comprised of industry participants to address problems with the Income Verification Express Service, according to the Mortgage Bankers Association.

Rising rates bolstered servicing values late in the year, but reduced production results…

The Urban Institute believes Fannie and Freddie could be wound down within five years and be replaced by new entities with no government backstop…

Nomura was serving as the lender’s investment banker on the deal…