Officials at the nonbank said they’re “managing towards profitability in the midterm.”

There was little movement in applications for purchase mortgages or refinances last week.

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

Laura Escobar, 2025 chair of the MBA and president of Lennar Mortgage, encouraged MBA members to become more comfortable incorporating AI into their businesses.

A decline in interest rates and more housing inventory helped to increase pending home sales in September.

Chimera will pay $30 million upfront for Palisades Group and an earnout of up to $20 million.

PNC's margin on mortgage production declined from 1.96% in the second quarter of 2024 to 1.45% in the third quarter.

No indication yet from federal regulators on when a planned re-proposal of capital requirements for large banks will be issued.

Damage costs from Hurricane Milton could affect insurance underwriting margins and earnings.

Freedom Mortgage is set to issue a $255.0 million transaction tied to financing acquisitions of mortgage servicing rights for loans associated with Fannie Mae.