The wholesale royalty cost for a FICO credit score for mortgage originations will increase by 41% in 2025 to $4.95.

MSR bids are currently largely rational, though a few packages sold in recent weeks at unexpected prices, according to Brian Simon, a managing director at Bungalow Funding.

The study found that the Biden administration’s emphasis on reducing appraisal bias has generated some positive results.

A business-friendly CFPB, higher insurance premiums for FHA borrowers and an exit from conservatorship for the GSEs are all possibilities.

The profitable third quarter was due to modest improvements in originations coupled with ongoing cost management and productivity programs.

The 10-year opened the day at 4.258% and spiked to nearly 4.50%.

Ultimately, Fitch's long-term issuer default rating on Finance of America went from C to CCC.

Uncertainty regarding election results could cause some interest rate volatility in the near term.

Investments in technology are helping Mr. Cooper reduce its servicing costs and allowing the industry’s largest servicer to place competitive bids on servicing portfolios.

Lenders, servicers and tech vendors are touting their latest products that include AI; many borrowers don’t appear to be ready to embrace AI in the mortgage process; and a handful of non-AI announcements.