The average house price increased by 0.7% on a monthly basis in May...

The MBA reports that new home purchases up 26.1%; Six First Republic private client banking teams join Flagstar; Redfin finds home prices are up 2.1% year-over-year; First Horizon announces new client-focused podcast.

Banks will look to pass the expense of higher capital requirements for mortgages onto borrowers, M&T Bank's CFO noted.

McGlinchey Stafford attorney Jim Sandy said in an interview with Inside the CFPB that potential defenses against enforcement actions and private litigation have begun to emerge.

The growth is partly due to improved dynamics between life insurers and mortgage partners.

MISMO provided some standards for nearly 200 fees that a borrower could see on a Loan Estimate form.

Second quarter mortgage banking revenue at USB came in at $161 million compared to $128 million in 1Q23.

Banks have enough capital, according to Brian Moynihan, chair and CEO of Bank of America.

The Consumer Financial Services Association of America said courts have “ample means” to protect the mortgage market if the CFPB is found to be unconstitutional.

Officials at Western Alliance Bank stressed that the bank worked to get back to "normal" in the second quarter.