“It’s horrible out there,” said Mark Shenkman, CEO of Priority Financial, a nonbank based in Calabasas, CA.

Applications for both purchase mortgages and refinances declined last week.

Retail lending accounted for 85.9% of jumbo originations in the first half of 2023, among a group of prominent lenders surveyed by Inside Nonconforming Markets.

Activity by Fannie Mae and Freddie Mac involving shared equity loan programs has been limited to this point and the FHLBanks are currently prohibited from acquiring mortgages in shared equity programs.

Aretreat by the home insurance industry changes the risk environment of FHA’s mortgage insurance program.

Home prices increased by 0.8% on a monthly basis in July.

Alt-doc products include asset depletion, asset utilization, trust income, bank statements and letters from certified public accountants.

Delinquency rates may be nearing cycle lows...

The CFPB plans to propose a rule in 2024 that would lead to the removal of medical bills from credit reports.

There's an interplay between how the proposal would impact larger banks and the effects on nonbank mortgage companies.