“The producers move over to a new firm and that’s it — that’s the M&A activity,” said David Fleig, who runs MorVest Capital, a servicing advisory firm.

Rocket plans to offer its AI platform to other companies later this year.

Meanwhile, the share of the safest mortgages — in terms of underwriting characteristics —  slipped to 11.26%...

Purchase-mortgage volume at Ginnie Mae increased by 13.9% on an annual basis in the first quarter of 2024.

The OCC is using staff skilled in the analysis of complex models to support fair lending exams of banks.

Hiring activity in March was stronger than expected, which could help prompt the Fed to delay cutting interest rates.

Will the allegations against United Wholesale Mortgage amount to anything more than a slight decline in the nonbank's stock?

The correspondent channel accounted for 47.5% of FHA/VA originations in 2023, up from a 46.8% share in 2022, based on volume from a subset of lenders that produced the majority of FHA/VA volume.

Priorities for 2024 include clarifying the mission of the FHLBank system and aligning eligibility requirements for different types of FHLBank members.

"If a lender has a full array of products ... [they] serve the credit needs of low- and moderate-income borrowers as well as borrowers in communities of color," said Maurice Jordain-Earl, managing director of Compliance Tech.