The bank's gain-on-sale margin fell from 59 basis points in the third quarter of 2023 to 32 bps in the fourth quarter.

One chief concern: Warehouse borrowing covenants have been breached.

Demand for purchase mortgages declined last week even as interest rates stayed level.

Pulte boosted its originations in the fourth quarter while production was down at NVR.

loanDepot won't assess late fees for its servicing customers for January payments until after the end of the month.

The industry is hopeful the repurchase-loan pilot will be expanded quickly...

Mark McArdle, an assistant director of mortgage markets at the CFPB, provided updates on the regulator’s priorities in terms of mortgage lending at the MBA’s independent mortgage bankers conference. The top concerns are LO comp practices and fair lending.

The CFPB’s proposal on streamlining mortgage servicing standards will likely be issued this spring. The regulator is trying to balance loss-mitigation options and foreclosure protections.

Currently, banks charge an average of $35 for overdraft loans, raking in billions of dollars per year. The CFPB proposed a safe harbor for overdraft loans that would be as low as $3.

The Supreme Court appears poised to overturn the legal theory of “Chevron deference.” If it does, what the court chooses to replace the standard with will have an impact on the CFPB going forward.