If the government-insured mortgage programs don't follow FHFA in shifting to a bi-merge process, then it's not worth making the switch for GSE loans, according to CHLA.

"Our expectation remains that the next quarter will be amongst the toughest the industry has seen in the last 15 years," said Matt Scurlock, a managing director and chief financial officer at Texas Capital Bank.

Many of loanDepot's consumer-facing websites went back online Thursday.

Home sellers are now more willing to consider bids tied to FHA and VA mortgages.

Rate locks declined by 14% on a monthly basis in December, driven by fewer locks for purchase mortgages.

U.S. Bank generated $137 million in mortgage-banking revenue in the fourth quarter, down 4.9% from the third quarter.

Applications for purchase mortgages in early January were down 20% on an annual basis.

Wells Fargo reduced the employee count in its home lending division by 36% on an annual basis in 2023.

"[ChatGPT] could provide quick, accurate responses to clients so that loan officers, real estate agents and recruiters can spend more time building relationships and closing more deals," said Marvin Bantugan, chief technology officer of Zventus and co-chair of the Hyperledger mortgage subgroup.

The new Ginnie product would relieve pressure for reverse mortgage lenders.