Servicing profits dropped even more than production income on a percentage basis.

Rising interest rates and a slowdown in originations this year have led to a number of layoffs in the mortgage sector.

Homebuilders are continuing to turn to incentives, such as buydowns, to attract more buyers in a competitive real estate market.

The enhanced guidelines include qualifying mortgages originated through affordable lending programs, loans for manufactured homes, home improvement and renovation financing, and lender-funded affordable housing assistance programs.

Nations Lending called out to branches to join the lender in an open letter released last week.

FHFA Director Bill Pulte's news that the GSEs are ramping up acquisitions of agency MBS comes well ahead of usual notice of acquisition activity.

An analysis of earnings reports from 18 lenders showed combined income from production and secondary marketing declined from the first quarter. Servicing income also decreased. (Includes data tables.)

The homebuying platform’s new mortgage platform adds fixed-rate and adjustable-rate purchase mortgages to its product mix.

CloseClear.ai’s platform monitors mortgage pipelines against live federal disaster data to flag GSE repurchase risk after an appraisal has been completed.

The Western Alliance Bank subsidiary has been offloading its agency-eligible production to other issuers.