The government-sponsored enterprises purchased a relatively smaller proportion of home loans with lower credit scores in early 2023.

The nation’s second-largest residential mortgage lender based on 2022 originations has revived its conventional 1% downpayment mortgage product; FTC approaches court to stop ICE-Black Knight merger.

Home-equity originations declined 14.7% from the third to the fourth quarter. But compared to 2021, the sector was glowing with a 49.1% spike in originations in 2022. (Includes three data charts.)

The top three originators of home-equity loans last year: Citizens Bank, Wells Fargo and PNC...

JPMorgan Chase made a sharp reversal into the black...

Earnings generated by banks and thrifts through mortgage-banking activities fell again in the fourth quarter. Chase was among a handful of larger players to buck the trend, based on an analysis of call reports. (Includes data chart.)

Trade groups recommended VA establish a permanent partial claim program that allows servicers to combine a partial claim with a loan modification for borrowers that need to reduce their monthly payments.

The proposal outlines the process and documentation requirements related to a borrower’s request for a review of their appraisal results.

The Michigan mortgage giant is one of several major lenders gambling that the opportunity to lower rates will attract more homebuyers.

Wells Fargo, the bank with the largest first-lien portfolio, is still under growth constraints placed on it by the Fed...