Issues stemming from the war with Iran helped to push interest rates on mortgages up last week.

“The only thing that’s on the table for them to do are these two bills,” said TD Securities Managing Director Jaret Seibert.

"Mortgage rate volatility, higher than expected refinancing activity and elevated FHA delinquencies pressured near-term performance," said Glen Messina, chair, president and CEO of Onity Group.

Elena Babinecz, a shareholder at the law firm of Baker Donelson and a former deputy assistant director at the CFPB, advised financial entities to “stay the course” on fair lending under ECOA, except for when it comes to special purpose credit programs.

While UWM has repeatedly raised its bid price and made other concessions, Two Harbors has opted to move forward with an acquisition by CrossCountry Mortgage.

Agency loan securitization volume dropped across all three lending channels in the first quarter, though retail lenders increased their footprint by shrinking less than correspondent aggregators or wholesale-broker originators.

Chase has begun offering a rate discount for May to help drive business during the spring homebuying season.

AD Mortgage study finds AI use in mortgage is rising; Progressive Insurance has expanded itis down payment assistance program; nearly one in five homes went pending within seven days in February; Blend launches Autopilot MCP.

Declining interest rates in January and February helped to push refinance business up, but not enough to offset the seasonal decline in purchase-mortgage lending in the first quarter.

Higher revenues and lower expenses drive $3.56 billion in first quarter profits for the mortgage giant.