Mat Ishbia, chairman and CEO of United Wholesale Mortgage, suggested that competition from nonbanks is helping to push banks out of the mortgage market.

The Supreme Court heard oral arguments Tuesday on whether states can require banks to pay interest on funds held in servicing escrow accounts.

Despite underlying issues with the mortgage market, the FHFA's conservatorship over Fannie Mae and Freddie Mac looks unlikely to end.

CFPB officials directed critical questions at Appraisal Foundation President David Bunton during a recent hearing by the Federal Financial Institutions Examination Council’s Appraisal Subcommittee.

The roundtable hosted by the Treasury focused on how the increased risks from climate change are affecting insurance markets.

Julie McCurley, director of servicing at Mortgage Quality Management & Research, noted that subservicers typically review 10% of their entire portfolio, which consists of loans from multiple clients, providing a low probability for one client’s loans to be reviewed in a subservicer’s audit cycle.

The San Francisco FHLBank says the move will allow it to expand the pool of creditworthy applicants.

Michael Strauss is accused of funneling roughly $27 million out of the company before its demise in the summer of 2023.

The MBA was part of a trade group coalition that called on the VA to align minimum property requirements with standards already established by the GSEs.

One possible option for Finance of America is a reverse stock split...