Purchase-mortgage business is running ahead of the levels seen in the first half of 2025.

H.R. 10184, the Consumer Financial Protection Accountability and Reform Act, would bring the CFPB under the congressional appropriations process, require cost-benefit analyses for rulemakings and stipulate periodic reviews of major rules to ensure their benefits justify their costs.

Ishbia said it’s unlikely that changes to LLPAs will be “massive” or across the board.

Applications were essentially unchanged on a weekly basis last week even as interest rates ticked up.

Four partnerships with undisclosed companies generated less than $50,000 in cumulative revenue.

Land contracts lack protections that apply to mortgages and often carry worse terms for homebuyers than mortgages, the Pew Charitable Trusts noted.

In the second quarter, all but four of the 50 largest jumbo lenders posted increases in originations.

A decline in median loan amounts offset a modest increase in mortgage rates, which helped lower median mortgage payments in July, according to the Mortgage Bankers Association.

MBA CEO Bob Broeksmit came to the defense of the FHA program and nonbank participants after the Wall Street Journal’s editorial board suggested nonbanks had engaged in risky underwriting under the government guarantee.

Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to end support for special purpose credit programs earlier this year. But now other agencies are also ending authorization for the programs.