The profitable third quarter was due to modest improvements in originations coupled with ongoing cost management and productivity programs.

Laura Escobar, 2025 chair of the MBA and president of Lennar Mortgage, encouraged MBA members to become more comfortable incorporating AI into their businesses.

Complaints about credit reporting dominated submissions to the CFPB and they more than doubled on an annual basis through the first three quarters of this year.

Revenues increased 7.7% from 2Q24 but compensation to executives and employees rose 8.2%.

Uncertainty regarding election results could cause some interest rate volatility in the near term.

Why aren't banks more aggressive on refi recapture?

Mr. Cooper and other nonbanks are growing through a mix of in-house originations and acquisitions, with an emphasis on the latter.

Ginnie initially planned on implementing the capital requirements at the end of 2023, along with other reforms.

A decline in interest rates and more housing inventory helped to increase pending home sales in September.

“Candidly, we have to figure out a way to get our equity price to trade where it should trade,” said Michael Nierenberg, chairman, CEO and president of Rithm Capital.