BNC National Bank sold its consumer direct lending unit to First Federal Bank.

Figure is now offering HELOCs through the wholesale channel.

Chopra didn't provide details on the CFPB's plans, though he noted issues with paperwork, servicing fees and credit reporting.

Staffing levels at servicers are declining, though not nearly at the rate seen on the origination side.

Annaly Capital Management highlighted how environmental, social and governance principles factor into its activities. Leaders at the REIT said ESG analysis can help Annaly deliver “superior” returns.

Loans for the Westfield San Francisco Centre are in various commercial MBS; Ginnie expands RON options; Fitch rates PennyMac Financial Services; DBRS to assess securitizations of home-equity agreements.

The increase in usage of home equity lines of credit suggests that consumers are facing some financial difficulties, the NCUA has warned.

Mortgage-banking income at banks and thrifts increased by 35.7% in the first quarter of 2023 compared with the previous quarter.

It's the first securitization from Rocket of closed-end second liens.

Just because the Fed paused its interest rate increases doesn't mean rates on mortgages will stop going up.