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Industry participants would prefer to see rules updated rather than rescinded.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

Beginning June 16, custom single-family pools in the Ginnie II program won’t be subject to the 10% concentration limit on mortgages with buydowns.

Mortgage-banking income at banks increased by 65.6% on a sequential basis in the first quarter. Losses were rare among 358 banks reporting mortgage activity in call reports, though Bank of America took a hit. (Includes data table.)