Declining interest rates during the third quarter contributed to a negative $145.8 million mark on the value of Guild’s mortgage servicing rights.

The wholesale royalty cost for a FICO credit score for mortgage originations will increase by 41% in 2025 to $4.95.

A business-friendly CFPB, higher insurance premiums for FHA borrowers and an exit from conservatorship for the GSEs are all possibilities.

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.