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The Federal Reserve raised its benchmark interest rate by half a percent this week, but chair Jerome Powell said the question now is how long to keep monetary policy tight.

In a series of tense exchanges, Republicans accused Consumer Financial Protection Bureau Director Rohit Chopra of making rules through press releases.

Jan Davis has been named acting president of the technology standards organization as the Mortgage Bankers Association conducts a search for a permanent replacement.

The uptick in the 60-day-plus metric could reverse the bulk of the decline that occurred between 2019 and 2021.

Average loan amounts also increased, with mean purchase sizes crossing back above the $400,000 mark.

The FHFA should focus on the facts as it ponders the future of the Federal Home Loan Bank System.

And having a paperless process was an important reason for many in picking their originator, the National Survey of Mortgage Originations found.

The Lansing, Michigan-based firm was awarded the contract this spring and takes over from Novad Management Consulting, which had previously serviced government-held HECMs since 2014.

Raising the threshold for qualification for Home Ready and Home Possible, which additionally offer price breaks to lenders, could do more to make homeownership more equitable, the Mortgage Bankers Association wrote in a letter to the Federal Housing Finance Agency.

New data offered the strongest evidence yet that price pressures have peaked.