U.S. Bank generated $137 million in mortgage-banking revenue in the fourth quarter, down 4.9% from the third quarter.

Applications for purchase mortgages in early January were down 20% on an annual basis.

Wells Fargo reduced the employee count in its home lending division by 36% on an annual basis in 2023.

"[ChatGPT] could provide quick, accurate responses to clients so that loan officers, real estate agents and recruiters can spend more time building relationships and closing more deals," said Marvin Bantugan, chief technology officer of Zventus and co-chair of the Hyperledger mortgage subgroup.

The new Ginnie product would relieve pressure for reverse mortgage lenders.

Mortgage originations declined by about 30% in the fourth quarter at BofA, Chase and Wells.

Marcia Fudge, secretary of the Department of Housing and Urban Development, appeared Thursday before the House Financial Services Committee.

loanDepot's borrowers are facing difficulties making mortgage payments...

HECM endorsements increased in the third quarter after four consecutive quarterly declines.

Foreclosure activity looks to be returning to more traditional patterns following pandemic volatility.