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Originators slightly loosened credit for conventional and jumbo products in May but they've held steady after larger growth to begin the year.

The share of warehouse lenders offering funding lines and sublimits for seconds has risen to new heights according to a Mortgage Bankers Association survey.

MBA, UWM, Nexa and Pennymac offer mortgage loan originator training programs for aspiring and licensed LOs, covering NMLS exam prep, wholesale lending and loan origination skills.

Approximately 54% of homeowners looked to a second lien product to access their home's stored value in the first quarter due to the "lock-in effect."

Better and Coinbase plan to make the product available to qualified borrowers nationwide by this summer. Interested customers can currently apply to a waitlist.

Home sales rose 3.8% in May to 308,446, driven by a 2.8% jump in existing-home sales, which also reached their highest level since October 2022.

A notable cyber threat actor alleged it was behind a ransomware attack that impacted nearly 138,000 individuals, a claim refuted by the lender.

Brian Moynihan spoke of the challenges of developing and maintaining Erica, the bank's main internal AI model, with precision.

The company will pay $4.6 million in the settlement, which resolves allegations that it violated foreclosure protection rules in place during the pandemic.

Two Harbors opens a negotiating window for UWM this week for a revised offer, but the bid has to be all cash, the REIT will not entertain a stock alternative.