Purchase-mortgage locks declined by 0.7% on a monthly basis.

UWM's low-downpayment program is only available to borrowers with income at or below 80% of the area median income.

Dimon guessed that, overall, Chase has probably lost money on mortgages in the past 50 years.

According to MERS, currently 267 lenders, 29 servicers and 12 subservicers use eNotes.

The House Financial Services Committee approved H.R. 2808, the Homebuyers Privacy Protection Act, with strong bipartisan support.

Industry participants would prefer to see rules updated rather than rescinded.

Some 16 groups sent a letter of support ahead of a markup in the House. Those in support include the Mortgage Bankers Association and the National Consumer Law Center.

The OCC said its current stance on preemption is in line with the Dodd-Frank Act and Supreme Court precedent.

The first three months of 2025 marked the third consecutive quarter in which the retail channel accounted for less than 50% of total originations.

The Federal Open Market Committee looks unlikely to cut the federal funds rate at its next meeting, in mid-June.