Better's annual report for 2023 will be delayed due to some corrections for the firm's results for 2022.

The trade groups support the goals of CRA but believe the final rules exceed the authority of the regulators...

Beyonce (yes, that Beyonce): “Wildfire burnt his house down. Insurance ain’t going to pay no Fannie Mae.”

Between October 2021 and August 2023, 21 exams were conducted.

The securitization rate for residential mortgages was 72.1% in 2023.

FHFA is working on internal guidance to improve its exams of nonbank mortgage companies.

Previously, Better’s LOs weren’t paid commissions and the lender focused on using technology to get loan applicants through the mortgage process.

The fine levied by the Department of Labor for emotional damages followed a whistleblower complaint involving PrimeLending.

“MBA objects to the bureau’s overbroad interpretation of the scope of its abusiveness authority,” wrote Pete Mills, a senior vice president of residential policy and strategic industry engagement at the MBA.

In 2023, the Fed realized a loss of $56 million on its agency MBS holdings.