FHFA is working on internal guidance to improve its exams of nonbank mortgage companies.

Wells was largely done with purchasing jumbo loans through the correspondent channel by the end of the first quarter of 2023.

Previously, Better’s LOs weren’t paid commissions and the lender focused on using technology to get loan applicants through the mortgage process.

Mortgage industry policy will be subject to more swings as administrations change, according to Ed DeMarco, president of the Housing Policy Council.

The fine levied by the Department of Labor for emotional damages followed a whistleblower complaint involving PrimeLending.

Earnings from both originations and servicing took another hit in the fourth quarter of 2023.

Figure Technology Solutions filed a confidential S-1 statement.

“Our review found that when all relevant factors are controlled for, which CNN did not do, the difference in approval rates between Black and White borrowers falls to less than 1%,” said Debo Adegbile, a partner at the law firm of WilmerHale who was hired by Navy Federal to complete the review.

CSBS stressed that it develops and maintains the National Multistate Licensing System required by the statutory authority of the Secure and Fair Enforcement for Mortgage Licensing Act.

The monthly decline in home prices in January was the first decline since August 2022.