The lawsuit alleged Banner violated the Fair Labor Standards Act by not compensating mortgage loan officers who were required to work off the clock and more than eight hours per day.

The capital relief that CRT deals provide is important for banks as federal regulators look to increase capital requirements.

Industry participants are waiting on further details from the FHFA regarding a pilot to waive title insurance requirements.

Outstanding advances were down for the year after a surge in the first quarter.

FHA Commissioner Julia Gordon said FHA loans don’t take longer to close than other loans.

Originations declined as did the value of the nonbank's MSR portfolio.

Companywide, revenue last year came in at $974.0 million, down 22.3% from 2022.

Earnings from mortgage banking declined by 60.2% among 14 publicly traded nonbanks in the fourth quarter.

Limited adoption by states of a new form meant to streamline reporting requirements is a “disappointment,” according to the MBA.

FHFA said changes to the survey will help to inform its oversight of the GSEs and Federal Home Loan Banks.