Buying a home is “roughly affordable again at the national level,” according to Zillow.

Income from mortgage production increased in the second quarter as servicing income declined.

Given confusion around the commission structure for home sales, it’s important for loan officers to advise real estate agents and become a source of knowledge for homebuyers, according to Jonathon Haddad, CEO of the Association of Independent Mortgage Experts.

Applications for both purchase mortgages and refinances were up modestly last week.

The Federal Reserve responds to industry criticism by back-pedalling on some of the more aggressive capital requirements in the proposal.

After issuing a final rule on open banking, the CFPB plans a follow-on rule for open banking with mortgages.

“There’s a surprising amount of people moving around the industry these days," said one consultant.

Originations of both non-agency and conforming jumbos were up in the second quarter of this year.

“The potential for growth of the sector is massive,” said Sainadh Polisetty, a senior vice president of investments at One William Street Capital Management.

Locks for rate/term refis doubled in August compared with July.