Purchasing Power partners with employers to offer employees funds for purchases of appliances, electronics and furniture. The firm doesn’t charge interest on the loans. Instead, prices on the items are marked up.

Delinquencies increased in the fourth quarter as borrowers faced growing financial pressure. Still, some of the increase in delinquencies looks to be related to a quirk in the calendar. (Includes data tables.)

The Mortgage Bankers Association took Treasury Secretary Janet Yellen’s remarks as an opportunity to reiterate industry concerns about the Basel III endgame proposal.

For the full year, Fannie's net income hit $17.41 billion, up 34.7% from 2022.

The Community Home Lenders of America called on the major credit bureaus to reverse fee increases for soft credit pulls.

Mortgage industry participants are making projections on when "higher for longer" turns in to rate cuts by the Fed.

The single-family segment accounted for 91.4% of total net income at Freddie in the fourth quarter.

Demand for both purchase mortgages and refinances declined as interest rates ticked up.

Federal regulators noted issues examiners look for regarding valuation discrimination and bias.

Issuance of non-agency MBS with GSE-eligible mortgages is picking up with new deals from Citi and Morgan Stanley.