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First quarter gain-on-sale at nine originators tracked by Keefe, Bruyette & Woods averaged 149 basis points, much higher than the 5 bps recorded for independent mortgage bankers tracked by the MBA.

The Federal Housing Finance Agency has indicated that lenders will be required to demonstrate policies addressing the risk on business.

The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer.

The generation usually targets starter homes in these cities, which are often listed among the nation’s trendiest.

In a 5-4 Supreme Court decision two years ago, the bureau’s rulemakings survived intact. But a pair of pending cases that challenge the agency's funding through the Federal Reserve are again seeking to invalidate every action the CFPB has taken since 2010.

While the number of loans with payments that have been late for three months or more has fallen, it’s still higher than in early 2020, according to Black Knight.

This second group of terminations will take place in June and July, according to nine separate notifications filed in California.

Also, Academy Mortgage promotes COO to president, Movement focuses on diverse lending and Guaranteed Rate opens new branches on the coasts.

Companies are working to offer what they say are faster, more integrated digital products that can quickly stand up compliant workflows as forbearance is phased out and loss mitigation activity resumes.

CEO Vishal Garg is on the hook for any losses stemming from a $750 million convertible bridge note investment, a fact he allegedly recently acknowledged to employees.