A decrease in competition from banks is helping Velocity Financial with business purpose loans.

President Biden proposed a tax credit of $400 a month to put toward a mortgage.

Federal Reserve Chairman Jerome Powell said major revisions to the proposed capital requirements for large banks are likely.

As long as it has at least 12 months of data, a single asset verification report will now be sufficient to validate a borrower's income, employment, assets, and positive rent payment and cash flow history.

New York Community Bancorp has its third CEO in less than two weeks.

The appropriations bill includes $54 million in funding for Ginnie for fiscal year 2024 compared with $40 million in funding for FY 2023.

Production of expanded-credit mortgages declined 16.9% last year, while total first-lien originations dropped 40.6%.

State agencies established a set of mortgage and exam programs through the State Examination System.

Interest rates on GSE refis rose almost immediately after the adverse fee was announced and when FHFA removed the fee in July 2021, interest rates responded accordingly.

A small decline in interest rates last week helped to increase applications for purchase mortgages.