Production was essentially level compared with the second quarter and margins improved.

“I believe AI will be at the center of how clients buy, sell and finance homes,” said Varun Krishna, the new CEO of Rocket Companies.

The Fed held rates steady Wednesday and the MBA anticipates that the next action will be a cut in 2024.

The GSEs are collaborating to create appraisal bias training for the appraiser community.

Zillow's production increased 35% from the second quarter.

Among a group of 26 banks, mortgage banking income increased by 9.9% in the third quarter.

Freddie's quarterly profits took a (presumably) one-time hit from expenses accrued due to the Fairholme v. FHFA decision in August.

With the CFPB's open banking proposal, consumers would be able to connect checking, credit card, digital wallet and prepaid accounts to third-party institutions in order to access different products and services.

ARMs accounted for 10.7% of mortgage applications last week.

Complaints about mortgages were down 6.2% compared with the second quarter.