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Though housing is experiencing severe rate-related stress, mortgage banking remains central to the Denver-based bank's business model. The Texas market has held up better than much of the rest of the country, company executives say.

Lower rates brought some purchasers back to the market in November but activity remains lower than one year ago, the Mortgage Bankers Association said.

The real estate company said it spent over $500 million in the last 10 years on its advertising campaign.

In a sprawling consent order, the Consumer Financial Protection Bureau order cited mismanagement that extended from auto loans to mortgages and deposit accounts. Wells Fargo CEO Charlie Scharf called the agreement a critical milestone to "put these issues behind us."

The latest fluctuations in some subsets of the Mortgage Bankers Association's numbers suggest it's getting a little more difficult for entry-level buyers to keep paying their loans.

New U.S. home construction continued to decline in November and permits plunged as high borrowing costs paired with widespread inflation eroded housing affordability and demand.

The loans for self-employed borrowers are getting a fresh examination to determine if they fall within the Consumer Financial Protection Bureau's updated guidelines for qualified mortgages, which went into effect in October.

Title insurers are lobbying Congress eliminate alternatives to their products, writes the founder of iTitleTransfer.

But the lower rates of the past month did result in a $7-billion boost to its origination forecast for 2022.

U.S. homebuilder sentiment fell every month in 2022, sinking in December to a level not seen in over a decade outside of the pandemic amid elevated mortgage rates and high construction costs.