Origination

Omayra Ujaque faces up to 30 years imprisonment for each bank fraud count and must serve a mandatory two year sentence for aggravated identity theft.

Chase, Wells Fargo both reported increased gain on sale margins in the first quarter over the fourth, a potentially promising indicator for upcoming IMB earnings.

Mixed economic signals left mortgage rates flat over the past seven days, with experts suggesting the end of Federal Reserve policy hikes might be coming as well.

Two professionals who advise servicers on compliance name their key areas of concern.

Kyle Bass's expectation of more pain in the office market reflects a more widespread view that the pandemic has driven a semi-permanent shift toward remote and hybrid work that imperils lower quality buildings.

The company is launching a training course to certify its loan officers on HECM loans.

The new regulations take effect in July and come after the agency issued new equitable housing goals days earlier.

Average purchase-loan amounts on new applications also increased after a recent pullback, as limited inventory provided little price relief.

Banks could be in for a long, slow trickle of bank failures and consolidation in the coming months and years, particularly if inflation persists and interest rates keep rising. A downturn in commercial real estate could add to banks' problems.

The American Bankers Association's latest Credit Conditions Index points to a drop in lending and a rise in loan delinquencies through the second and third quarters.