Guaranteed Rate is telling mortgage applicants that its loan officers are "always on" thanks to a new LOS app.

The Fed didn't touch interest rates Wednesday but suggested that another increase in rates is likely this year.

The CFPB warned that lenders that use artificial intelligence and other "black box" credit models need to provide specific reasons for denying credit to loan applicants.

"It’s really difficult to predict with certainty and detail what exactly is going to happen in the third quarter of 2026," said Leda Bloomfield, branch chief for policy and equity at the FHFA.

Applications increased even as interest rates ticked up.

United Wholesale Mortgage, the dominant conventional-conforming player in the broker channel, increased its production by 32.9% from the first to the second quarter.

Former Ginnie Mae President Ted Tozer wants FHA to consider adjusting or eliminating its minimum downpayment requirement to put homeownership in the reach of more consumers.

Jedd Bellman, senior counsel at Orrick, said regulators are getting frustrated by inaccuracy in mortgage call reports.

Soft landing or mild recession...

So far this year, Strauss has brokered more than 20 mortgages...