The House Financial Services Committee approved the Housing for the 21st Century Act on a 50-1 vote.

Locks for mortgages declined by 4.2% on a monthly basis in November, according to Mortgage Capital Trading.

Rep. French Hill, R-AR, prompted the House to draft its own housing legislation rather than approving a Senate package.

UWM is set to buy Two Harbors Investment in a $1.3 billion all-stock transaction; mortgage broker employment increases in October.

Two Harbors held MSRs with a total unpaid principal balance of $175.82 billion as of the end of September.

The shifts in October continued a trend seen throughout the year in the mortgage market.

Kenny Smith retired from Deloitte Consulting in 2020 after 27 years with the firm.

The homebuilder said the decline in its average sale price in the past year was “primarily due to continued weakness in the market and an increased use of sales incentives offered to homebuyers.”

“[The Trump administration’s] position is wrong as a statutory interpretation and is at odds with Congress’ plan in setting up the [CFPB],” according to an amicus brief filed by Democrats.

The MBA said FHFA should allow lenders to use a single credit report when delivering mortgages to the GSEs if the initial report shows that the borrower has a credit score of 700 or higher.