MBA predicts three Fed rate cuts this year as nonbanks return to profitability for the first time in two years.

Although mortgage “franchise” deals have been few and far between this year, branch network sales have been a different story. One reason: Employees at those networks feel they might be better served under a more aggressive boss, especially with lower rates expected.

The nonbank misled borrowers into believing that its cash-out refinance loans were less expensive than their existing mortgages.

Industry experts at a MISMO conference discussed the challenges of forecasting climate risk and its impact on mortgage performance.

The court said the CFPB has authority to issue the rule that will establish HMDA-like reporting standards for loans to small businesses.

Originations increased across mortgage products in the second quarter. The conventional-conforming sector’s market share held steady while government-insured lending lost some share. (Includes data tables.)

Though supportive of DPA programs to boost housing affordability, some industry participants raised concerns about the agenda working.

The mortgage delinquency rate is rising in tandem with the unemployment rate. While early-stage delinquencies are growing, borrowers are largely avoiding foreclosure thanks to home equity and loss mitigation. (Includes data tables.)

Flexibility will be key for the industry moving into the November election and beyond, according to speakers at an MBA conference.

Although many mortgage banking companies lost money last year, the Mortgage Bankers Association remained in the black.