Expanded-credit mortgages accounted for 2.5% of total first-lien originations in the second quarter.

The shift from a tri-merge credit report process to a bi-merge standard will take longer than initially planned.

The MBA generated a profit of $11.4 million for the fiscal year ending Sept. 30, 2022, up from $976,186 in income in FY 2021.

Among those hanging up their warehouse spurs: Comerica Bank, which has been in the business for several decades...

Some $121.38 billion of mortgages to first-time homebuyers were included in agency mortgage-backed securities issued during the second quarter, up 41.4% from the first quarter.

“You’re going to tell them to pound sand? Well, they’re going to say, ‘Okay, well we’re going to suspend the agreement, we’re not going to take any more loans from you,’” said James Brody, a senior litigation partner at the law firm of Garris Horn.

“Millions of Americans [are] paying more for homeowners insurance — often with less protection than before — while others are scrambling to find any insurance at all, because their insurer has refused to renew their policy,” said Sen. Sherrod Brown, D-OH, chair of the Senate Committee on Banking, Housing and Urban Affairs.

Downward pressure on home prices from rates and upward pressure from demand and limited inventory will likely balance each other out.

Commercial banks and savings institutions generated $2.00 billion in mortgage-banking income in the second quarter, up 8.7% from the prior period.

"We don’t see much upside to the index in the near future, barring significant improvements to home affordability, which we also don’t expect," said Doug Duncan, a senior vice president and chief economist at Fannie Mae.