“Our review found that when all relevant factors are controlled for, which CNN did not do, the difference in approval rates between Black and White borrowers falls to less than 1%,” said Debo Adegbile, a partner at the law firm of WilmerHale who was hired by Navy Federal to complete the review.

CSBS stressed that it develops and maintains the National Multistate Licensing System required by the statutory authority of the Secure and Fair Enforcement for Mortgage Licensing Act.

The monthly decline in home prices in January was the first decline since August 2022.

Closed-end second liens accounted for an estimated 19% of home equity production in 2023, up from a 13% share in 2022.

CHLA asked FHFA and FHA to scrutinize employment-verification prices charged by Equifax.

The sharp increase in existing-home sales in February may just be a blip...

"There are likely several more challenging quarters ahead for mortgage companies," said Eric Orenstein, a senior director at Fitch Ratings.

The increase was driven by refinances, particularly VA refis.

Starts of single-family homes increased in February and are projected to remain high.

According to FHFA researchers, mortgage lock-in prevented 1.33 million home sales between the second quarter of 2022 and the end of 2023.