Wells Fargo and Chase reported declines in mortgage originations during the first quarter of 2024.

There's a disconnect between inflation readings and reactions to the figures, according to Sam Khater, chief economist at Freddie Mac.

Servicers have until Oct. 1 to implement the program.

The high inflation reading for March is one factor that will keep interest rates higher for longer.

“The producers move over to a new firm and that’s it — that’s the M&A activity,” said David Fleig, who runs MorVest Capital, a servicing advisory firm.

A rebound could be afoot for MSR loans...

Hiring activity in March was stronger than expected, which could help prompt the Fed to delay cutting interest rates.

United Wholesale Mortgage had 6,700 employees as of the end of 2023, up 11.7%, the largest increase among the lenders in the analysis.

Fitch said issues with commercial loans could prompt the failure of “a moderate number of predominantly smaller banks.”

Given that scammers are using artificial intelligence to mimic voices of trusted sources, Violet Sullivan, assistant vice president at Crum & Forster Insurance, recommended mortgage companies require the source to provide a code word or phrase during verbal confirmation of a transaction.