Meanwhile, industry consultant Christopher Whalen noted, “What a difference a year makes. Twelve months ago, some of the industry’s largest independent mortgage banks were in danger of tipping over due to the liquidity wave unleashed by the FOMC in response to COVID."

Issuers of MBS and ABS should use a 30-day average of SOFR rather than LIBOR when setting adjustable-rate terms for new deals, according to recommendations from a group convened by the Fed.

Sprout's Shea Pallante: “This is a big step forward for mortgage professionals...”

The plaintiffs charged that Wells did not pay loan officers for non-sales work, such as mandatory meetings, training and coaching sessions...

At issue: the freedom of loan brokers under UWM's operating contract...

The IAC said the SEC chose to make the reports confidential, despite the fact that the authorizing legislation didn’t require it.

Government-mandated forbearance paid off for Chase...

Earlier this month, the SBC deadlocked on the Chopra CFPB nomination with a 12-12 partisan vote.