The MBA is focusing on regulatory reforms to help reduce the cost of mortgages. There is also some hope that Congress will pass legislation addressing trigger leads.

Declining interest rates during the third quarter contributed to a negative $145.8 million mark on the value of Guild’s mortgage servicing rights.

The wholesale royalty cost for a FICO credit score for mortgage originations will increase by 41% in 2025 to $4.95.

MSR bids are currently largely rational, though a few packages sold in recent weeks at unexpected prices, according to Brian Simon, a managing director at Bungalow Funding.

The study found that the Biden administration’s emphasis on reducing appraisal bias has generated some positive results.

A business-friendly CFPB, higher insurance premiums for FHA borrowers and an exit from conservatorship for the GSEs are all possibilities.

The profitable third quarter was due to modest improvements in originations coupled with ongoing cost management and productivity programs.

The 10-year opened the day at 4.258% and spiked to nearly 4.50%.

Ultimately, Fitch's long-term issuer default rating on Finance of America went from C to CCC.

Uncertainty regarding election results could cause some interest rate volatility in the near term.