The lender disclosed a big investment, plus hefty, albeit declining, origination volume but revealed a major hedge-related net loss it blamed on the failed bid.
The investment is expected to bring a 40% increase to Chase Home Lending's mortgage capacity, with the addition of 850 new advisors, the company said.
Mortgage servicers would like to shed responsibility for second liens but they may be exchanging one set of workflows for others.
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Iran war and the AI-credit unwind signal higher-for-longer rates, wider spreads, forced cost cuts industrywide, writes the chairman of Whalen Global Advisors.
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As written, new capital standards for U.S. banks fail to account for the additional risk posed by many home loan clients who obtain second mortgages. Fixing the problem will significantly reduce the rule's benefit to banks.
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New York's new law requiring lenders to honor their own mortgage payoff instructions reduces delays and costs for consumers, argues the American Land Title Association.
Here are the 50 most prolific mortgage originators in the U.S. as measured by units produced, according to the 2026 National Mortgage News Top Producers survey.
Here are the 50 women who did the most dollar volume for the previous 12 months in this year's Top Producers survey.
Banks and credit unions are pairing AI-driven efficiency with stable staffing and cross-training to scale mortgage production as originations rebound and technology expands capacity.
More mortgage professionals told National Mortgage News they expect their companies to hire, or stand pat, rather than fire workers this year.
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The bill, which is meant to free up housing supply locked in by high mortgage rates, does not include assumable mortgages which stick with the property.
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The online lender said its national bank will become the "primary originator," displacing the banks that are lenders of record. Loan buyers keep their role.
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Supporters of mutual banks are lining up behind a proposed regulatory overhaul. The Fed's plan would make it easier for depositor-owned banks to raise capital.
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The lender specifies a broad range for penalties but filings by the third-party originator's attorneys cite testimony where the specific formula is unclear.
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The Federal Reserve governor said inflation is too high but said she ultimately voted last week to hold interest rates steady to give recent economic trends more time to play out.
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ON-DEMAND VIDEOKevin Warsh set the table for change. Marvin Loh, managing director at State Street, discusses the FOMC meeting and Warsh's press conference.
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ON-DEMAND VIDEOThe FOMC meeting will be interesting as Kevin Warsh takes the chair. KBRA Chief Strategist Van Hesser will review the meeting, the presser and the new dot plot.
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ON-DEMAND VIDEONima Ghamsari, Co-founder and CEO, Blend, discusses agent first mortgage operations and what it means for lenders today.
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Partner Insights from Insellerate
