Mat Ishbia, president and CEO of UWM, said “retail competitors and large servicers are intensely working to solicit” borrowers who received their existing mortgages through brokers.

The Mortgage Action Alliance issued a call to action to support H.R. 3507, the Yes in My Backyard Act.

Lenders are advised to make use of client reviews, referral programs and relationships with others in the financial sector.

Mortgage technology providers believe originators should look to invest in new technology now before volume picks up later this year.

Loose IT security controls could have made it possible for a malicious employee, or an external party with access to that employee's account, to gain full control of the FHFA network.

Blend Labs took a $19.4 million loss in the second quarter.

Ready Capital sold the MSRs as part of an effort to exit investments in the residential market to put a greater emphasis on commercial loans.

“Sellers are increasingly cutting prices to entice buyers struggling with affordability,” said Skylar Olsen, chief economist at Zillow.

The proposal, published by Andrew Davidson, seeks to create a platform where regulators, investors, mortgage servicers and more would share their own data and receive access to the broader pool of data, in an effort that could decrease costs and improve attempts to aggregate mortgage data.