The lender said it closed its Eleven Mortgage brand and its correspondent business to focus on retail, and did not elaborate on potential layoffs.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
The guidance reflects a mortgage servicing rights market that has broadly included the customer value in refinancing for over a decade, experts say.
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Allowing lenders to choose the number of credit reports they use would force the credit bureaus to clean up their data issues and provide consistent scoring, writes the Chairman of Whalen Global Advisors.
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Home finance firms have until October 2nd to register for the annual ranking of the Best Mortgage Companies to Work For.
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As Treasury market volatility strains IMB funding, buying a bank or insurer offers permanent capital and stronger ratings, according to the Chairman of Whalen Global Advisors.
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 typical mortgage company is well behind the average fintech, insurance company and bank in terms of AI development and maturity, according to a new survey.
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Elevated borrowing costs are potential trouble for the boom in artificial intelligence spending and for consumers' pocketbooks.
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Some borrowers are still managing to secure significantly cheaper financing: Around 11% snagged rates below 6% in August, according to data from Intercontinental Exchange Inc.
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Gold Star Mortgage hasn't said whether it suffered a data breach after cybercriminals claim to have compromised over 10,000 documents from the lender.
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With little action towards privatization this year, the timeline in 2027 is also narrowing as the focus shifts to the 2028 election, Bose George said.
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A federal judge ruled that the Trump administration's attempt last year to halt funding for the Consumer Financial Protection Bureau was unlawful and unconstitutional. Two other judges have issued similar decisions.
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The share of American households considered "financially vulnerable" rose to 17%, the highest level since at least 2018, according to the nonprofit Financial Health Network.
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The USA Patriot Act passed on an overwhelming bipartisan basis in the wake of the 9/11 attacks, overhauling banks' involvement in anti-money-laundering efforts.
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