The longer it takes Congress to react after a debt default, the bigger the impact will be, according to Cristian deRitis, deputy chief economist at Moody’s Analytics.

The banks had weathered volatility in March and April.

Servicing drove earnings while lending generated a loss.

Locks for both purchase mortgages and refinances declined.

Freddie's profitability remains a tale of loan loss reserves, with net income rising and falling according to the size of the provision for losses.

Academic researchers used data from the Home Mortgage Disclosure Act to examine the impact of the implementation of the California Consumer Privacy Act.

Applications for refinances increased by 1.0% last week and applications for purchase mortgages declined by 1.0%.

The regulator issued a proposed rule to set ability-to-repay standards for PACE loans.

Chase isn’t going to follow First Republic’s jumbo-lending model.

The top three volume leaders in 1Q23: PennyMac Financial, United Wholesale Mortgage and Rocket Mortgage...