Rocket is offering a permanent 60-bp pricing incentive for agency loans and a broker referral bonus, while UWM extended a 90-bp pricing incentive and removed LLPAs on conforming jumbos.

The Mortgage Bankers Association argued that New Jersey’s disparate- impact rule forces lenders to choose between conduct federal law prohibits and potential liability under state law.

The lender will retain mortgage servicing rights on its originations in an effort to increase borrower retention.

The lender removed the percentage split between loan officers and NEXA as well as some of the costs tied to other comp structures.

Housing affordability concerns are being blown out of proportion, according to Stanley Middleman, CEO of Freedom Mortgage.

Redfin found that 71.6% of ARM borrowers can refinance into a 30-year fixed rate that is at least 50 bps lower than their original rate.

The think tank believes a smaller federal footprint in the mortgage market is the best way to lower prices and encourage homeownership.

The conventional-conforming sector lagged in an otherwise upbeat mortgage market. (Includes two data files.)

Market uncertainty and rising costs have led some economists to revise their origination forecast for the rest of this year and into 2027.

Fannie Mae has reportedly fired 10 senior executives, including senior vice presidents Mark Palim and Devang Doshi.