Banks with higher IT expenditures are significantly less likely to reject the applications of borrowers that are observably riskier, according to new research.

Expanded use of bid-tape AOT transactions and mandatory mortgage deliveries increase lender efficiencies and boost profits, according to hedge consultancy Mortgage Capital Trading.

Data show that, in the wake of natural disasters, lenders are more likely to approve, originate and sell mortgages to the government-sponsored enterprises. This raises issues of moral hazard and adverse selection, according to economists.

HeritageOne, a single-family mortgage product, addresses goals outlined in Freddie's 2022-2024 duty-to-serve plan.

Lower demand and drastically reduced issuance may balance out in the MBS market. Meanwhile, high spreads mean the asset could attract new investors.

The FDIC has filed several lawsuits related to its role as receiver in the liquidation of Washington Mutual.

Some experts expect MSR trading to top $1 trillion in each of the next three years, surpassing the approximately $900 billion traded in 2022.

With production expenses rising to more than $13,000 per loan, and four straight quarters of negative net income, mortgage lenders struggle to find ways to stay in business.

Fannie and Freddie believe the surge in repurchase requests simply reflects market trends.

MBA Chief Economist Mike Fratantoni cautioned that mortgage originations could face ongoing pressure tied to issues with banks.