On average, LOs facilitated 32% less refi volume in the third quarter, with $900,000 in refi production per month.

Fewer small-dollar mortgages over the past 20 years kept many low-income consumers from entering the homebuying market, according to participants at a webinar hosted by New America.

The structured finance industry discussed the effectiveness of return-to-workplace policies during a recent workshop organized by the Structured Finance Association.

Loan officers’ commissions decreased 17% year-over-year during the third quarter, driven by a hefty 37% drop in refinance commissions.

Transitioning borrowers from COVID-related forbearance to a loan modification or other resolution entails time-consuming and detailed work, Federal Reserve Governor Michelle Bowman warned.

First-time homebuyers seeking loans backed by FHA, VA or the Rural Housing Service are among those eligible for the DPA program under the Build Back Better Act.

FHA is seeking feedback on a proposed section on servicing reviews within its defect taxonomy guidelines.

Beginning Dec. 1, VA is increasing the appraisal fees of residential mortgages in its loan guarantee program in response to unprecedented demand for appraisal services.

The spending bill would direct $300 million for HUD information technology systems, including those that support FHA mortgage insurance programs and grant programs.

The mortgage industry is applauding the passage of a False Claims Act amendment that would address language in a previous version that could have led to unintended consequences for FHA and VA lenders.