Acra Lending has turned a profit in six of the past seven years.

The CFPB has been increasing its expertise in data science and analytics so that it can spot fair lending violations throughout the lending process.

Wells originated $5.08 billion of conventional-conforming loans through the correspondent channel in the fourth quarter. In the first quarter, the bank’s production in the channel was down to only $500 million.

New American funded $2.0 billion of home mortgages in 1Q23, most of it through the retail channel.

Both lenders and servicers are looking into automation to help reduce costs.

FHA is making moves on multifamily loans...

Issuance of securitizations with second liens in 2023 has already surpassed the volume seen in all of 2022.

A household would need an annual income of $117,000 to afford a median-priced home, 20% more than a year earlier.

Purchase mortgage application levels are still well below the activity seen at this time last year.

As originations decline, the securitization rate shrinks.