Mortgages originated through brokers accounted for nearly 20% of the bank's total originations in the first half of 2023.

A turnaround is unlikely until the second quarter of 2024, according to Marina Walsh, a vice president of industry analysis at the MBA.

Mortgage applications were up 2.8% on a weekly basis while interest rates stayed put.

The inventory of homes for sale was stronger than anticipated in October.

Outlook improves for large nonbanks; tech vendors take losses while increasing market share; rate locks decline; new verification offerings from CoreLogic; LOS provider and servicing tech vendor partner; MISMO seeks comments on engineering guidelines.

Lenders hurting for cash are expected to sell off MSRs and there are numerous buyers for the product.

The change in course was fueled by mounting pressure from industry participants and members of Congress, among other stakeholders.

Esoteric ABS provide stronger yields than traditional ABS. In exchange, investors face greater liquidity risk and some unknowns on future performance.

HUD IG launches inquiry into Ginnie’s handling of Reverse Mortgage Funding’s bankruptcy; DBRS revises rating criteria for commercial MBS; WeWork exposure in commercial MBS; another record profit for Farmer Mac; ETF targets newer agency MBS.

New guidance from the Financial Stability Oversight Council makes it easier for FSOC to increase regulatory requirements for large nonbank financial companies. The move doesn’t sit well with the mortgage industry.