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During his second day of congressional testimony this week, the Federal Reserve chair said the central bank does not have supremacy over other agencies on their joint rulemaking.

The increase, coming off of persistent low levels, did not counter the slow purchase market during the month, Optimal Blue found.

The Consumer Financial Protection Bureau has proposed requiring that mortgage servicers exhaust all efforts at assisting struggling borrowers before moving ahead with a foreclosure.

A growing number of states are tackling affordability struggles for middle-income renters, who have experienced the fastest increases in cost burdens over the past 20 years.

Declining refinance activity offset the growth in government-backed purchases, the Mortgage Bankers Association said.

The Department of Housing and Urban Development has come out with updates to the standard and limited FHA 203(k) program that the mortgage industry welcomed.

The REIT has decided not to sell any part of its business for now and has chosen to internalize its management, it announced Tuesday.

While cost cutting days are not over, mortgage lenders are emphasizing recruitment and retention, a Fannie Mae survey found.

The Federal Reserve chair said there is a consensus within the central bank's board of governors for reproposing its capital rules, but notes that other agencies have not yet signed off on this approach.

The head of servicing for Rithm's Newrez subsidiary talks about how the market has changed, the SLS acquisition, and technological innovation.