The downgrade was tied to a debt exchange offer the reverse-mortgage lender announced in late June.

The 203(k) program provides financing for rehabilitation of single-family homes.

Applications for refinances declined for the fourth consecutive week.

The move would mean breaking from the external management by Cherry Hill Mortgage Management, which is owned by Stanley Middleman, CEO of Freedom Mortgage.

Members of the FHLBank of Chicago can pledge collateral to the bank with VantageScore credit scores rather than the traditional FICO score.

Locks for purchase mortgages and refinances declined in June as interest rates increased.

Mike Fratantoni, a senior vice president and chief economist at the Mortgage Bankers Association, stressed that headline figures from the June jobs report don't tell the whole story on employment trends.

Pending home sales in June declined on an annual basis at a rate not seen in four months.

MSR investing veteran Michael Lau said investors that focus on recapture are “building today for what’s going to come tomorrow.”

SoFi originated $336.1 million of mortgages in the first quarter of 2024...