Mat Ishbia, chairman and CEO of United Wholesale Mortgage, suggested that competition from nonbanks is helping to push banks out of the mortgage market.

UWM's margins declined slightly in the fourth quarter but, for the full year in 2023, were well above the level seen in 2022.

Insurance won't fully cover loanDepot's expenses from a cyberattack that occurred in January.

Disregarding changes in MSR values, Ocwen's servicing business was profitable in 2023 while the nonbank's origination business broke even.

The roundtable hosted by the Treasury focused on how the increased risks from climate change are affecting insurance markets.

To this point, the deals have been more frequent in Europe than in the U.S.

The MBA cautioned that a ruling by the Fourth Circuit against PHH Mortgage departed from standard practices and could have wide-ranging harmful impacts for lenders.

KBRA said home-improvement ABS are performing better than securitized unsecured consumer loans with similar borrower credit characteristics, but worse than securitized prime auto loans.

Issuance of home-improvement securitizations came in at $3.5 billion in 2023, according to Kroll Bond Rating Agency. Some of that volume was in privately-rated deals that haven’t been disclosed to this point.

FHA, VA, Ginnie Mae and USDA are working with MISMO on a new servicing dataset.