Depository institutions pulled back, to some extent, from mortgage lending in the first half of 2024 and nonbanks stepped in to fill the void. Nonbanks accounted for nearly 65% of originations in the first six months. (Includes two data charts.)

Falling interest rates are never good for the value of mortgage servicing rights. But with so many MSR owners keeping their 3% to 4% rights of 2020 and 2021 and selling the rest, marks for the third quarter of 2024 could be benign.

If you’re in the market for a new CEO, chances are you might find some bargains out there. But only for CEOs of privately held nonbanks.

A bill to ban trigger lead activity was rolled into an annual appropriations bill. Congress also passed a stopgap funding bill through Dec. 20.

The presidential candidates have vastly different priorities when it comes to addressing the nation’s housing policies.

Mortgage fraud activity is expected to increase as interest rates come down, according to Sean Sowards, a senior director at Fannie Mae.

A Fed board member recently outlined plans for re-proposing bank capital requirements. The FDIC appears to be running into complications.

Some industry players fear changes to how buyer agent commissions are paid will lead many Black homebuyers to forego representation.

The GSEs have slowly been losing share in the servicing market since March 2022. In the second quarter of 2024, Ginnie Mae and the non-agency sector gained more servicing share. (Includes two data tables.)

The Federal Reserve announced a 50-basis-point reduction in the federal funds rate this week. Interest rates on mortgages have come down by more than that in recent weeks in anticipation of the Fed’s move.