The department continues to work on the details it needs to finalize its new Veterans Assistance Servicing Purchase program...

With total first-lien originations sinking 3.8%, the agency share of the market rose to 85.7%, its highest level since early 2021.

The housing market can be expected to develop new approaches to the negotiation and payment of buyer agent commissions.

Lenders' slow moves on cutting staff as originations declined included a silver lining: improvements in customer service.

While many smaller nonbank mortgage companies struggled during the third quarter, a group of 15 public nonbanks increased their earnings by more than 20% on a sequential basis.

Mortgages originated through brokers accounted for nearly 20% of the bank's total originations in the first half of 2023.

Seeing plenty of room in FHA's capital ratio, lender trade groups are calling for an end to FHA's requirement of MI for the life of the mortgage.

The senators said VA should pause foreclosures for borrowers who will likely qualify for the Veterans Assistance Servicing Purchase program.

“We have shown it is possible to meet the mission while also being fiscally prudent and being a good steward of taxpayer funds,” said FHA Commissioner Julia Gordon.

A turnaround is unlikely until the second quarter of 2024, according to Marina Walsh, a vice president of industry analysis at the MBA.