Some usually active issuers had no issuance in the second quarter, including Citigroup, Bayview Asset Management, Radian Mortgage Securities and Nomura Securities.

The agreement ends a lengthy process that included four shareholder vote postponements and a public bidding war with United Wholesale Mortgage.

CHLA suggested the facility be modeled after the pass-through assistance program Ginnie launched in 2020 to support servicers facing liquidity shortfalls due to pandemic-related borrower forbearances.

The new company will focus on servicing loans in a way that keeps loan officers connected with their clients.

The senior members of Gen Z are 29 years old.

The release is expected to help lenders and investors evaluate the performance of FICO 10T.

The industry’s pipeline of loans held for sale was also reduced in the first quarter.

Industry leaders believe lenders need to work more closely with AI vendors to avoid compliance issues.

Two class-action lawsuits brought forward last month allege the company is trying to circumvent the Truth in Lending Act by claiming HEIs are not loans.

Only about a third of nonhomeowners can afford a starter home, a new LendingTree survey finds.