Bob Broeksmit, president and CEO of the MBA, said that if the Supreme Court had invalidated the CFPB's rules, there would have been a severe impact on the housing market.

The 7-2 decision upholds the bureau’s ability to receive funding directly from the Federal Reserve and overturns a decision by the Fifth Circuit Court of Appeals.

“The current approach is clearly failing,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association.

During the COVID crisis, Ginnie's PTAP program was not widely used by nonbanks...

At March 31, U.S. Bank owned $347.7 billion of MSRs, ranking ninth among all servicing owners.

Guild generated a profit of $28.4 million in the first quarter of 2024.

A cyber "incident" cost loanDepot at least $15 million in charges for the first quarter of 2024.

States that have adopted the new standards effectively cover 98% of the nonbank servicing market by loan count.

While servicing outstanding ticked up 0.3% in the first quarter, Mr. Cooper's portfolio grew by 14.6%.

Rocket’s income was boosted in the first quarter by a jump in gains from the sale of loans and positive marks for mortgage servicing rights.