The government-sponsored enterprise received approval from the Federal Housing Finance Agency in June 2024 to acquire second liens.

Even with the lower margin, UWM boosted its net income, helped by improvements in the value of mortgage servicing rights.

The increase was driven by refinances.

The MBA said Jonathan McKernan’s experience and background working on housing policy make him a strong choice to lead regulatory reforms to reduce compliance costs.

One warehouse veteran sees tough times ahead for some IMBs.

Gain-on-sale is one of the most watched measurements of how a lender’s profitability is holding up. So far, GOS measurements at reporting companies have been a mixed bag.

Earnings reports from 26 publicly traded banks show just over half reported gains in mortgage-banking income from 3Q to 4Q.

Onity's profits nearly doubled in 2024 despite losses in the fourth quarter.

One in three homebuyers are using artificial intelligence tools at some point during the process.

Mr. Cooper originated $9.3 billion of residential loans in the fourth quarter, a 37% sequential improvement.