Interest rates on mortgages hit a level last seen in 2000.

Leaders of the Mortgage Bankers Association and the Housing Policy Council argue that the government's role in the mortgage market is too large.

Washington Trust Company agreed to spend at least $9 million on lending efforts in majority-Black and Hispanic neighborhoods though the bank won't pay a civil monetary penalty.

Rithm Capital is preparing to issue a $669.9 million expanded-credit MBS.

Brokers saw the biggest sequential increase in FHA/VA business, with volume up 59.1% from the first quarter to $13.35 billion.

“No one wants the CFPB to go away, no one wants the rules to be unenforceable,” said Nanci Weissgold, a partner at the law firm Alston & Bird.

FDIC examiners determined that the bank could have done more to encourage new borrowers to sign up for adjustable-rate mortgages.

“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.