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Shrinking gain-on-sale margins also ate into earnings, with growth expected to slow for the rest of 2021.

A jump in jumbo loan programs was countered by lenders dropping high loan-to-value conforming products.

The average was up from 2.77% last week and the highest since July 15, Freddie Mac said Thursday.

The median price of an existing single-family home jumped 23% from a year earlier to an all-time high of $357,900, the National Association of Realtors said in a report Thursday.

The agency developed measures taking effect Aug. 31 that, among other things, will allow lenders to prioritize foreclosures of the most impaired loans and then focus on modifying salvageable ones.

A strong housing market and a willingness of borrowers to tap home equity lines, is benefiting non-QM loans.

The expanded credit access in its automated mortgage decisioning goes into effect in mid September.

The share of late payers who did not ask for COVID-19-related relief varied widely at 16 servicers surveyed by the the Consumer Financial Protection Bureau.

The two-pronged agreement also will add Figure's mortgage servicing rights onto Sagent's platform.

In assuming that credit unions have the same risk profile as nonbank lenders, the mortgage insurer is now threatening to exclude nearly a quarter of them from being qualified issuers of the securities it backs, writes the Senior Director Of Advocacy and Counsel at the Credit Union National Association.