Origination

The company's building unit saw income slow, but the mortgage banking division number accelerated on both a quarterly and annual basis.

The net proceeds will be used to pay down borrowings on a credit line secured by its mortgage servicing portfolio.

The megabank failed to adequately protect and reimburse customers who were victims of wire-transfer fraud, according to a lawsuit by the New York Attorney General. Citi said that it follows all relevant laws and regulations.

Strategies used to falsify identities and property ownership highlight a public assistance vulnerability that could have implications for the mortgage industry.

A national gauge of prices climbed 0.2% in November from October, according to seasonally adjusted data from S&P CoreLogic Case-Shiller. That's slower than the 0.6% monthly gain in October.

Two Harbors, which also reported a gain in comprehensive income, recently completed an acquisition that made it the eighth largest conventional servicer.

Over 70 loans were allegedly sent to competitors by the independent mortgage banker, a suit filed by UWM alleges.

The ransomware attack compromised the personally identifiable information of over 199,000 mortgage customers.

A potential buyer with a budget of $3,000 per month for their payments is now able to afford an approximately $453,000 home.

Senator Elizabeth Warren and three Democratic colleagues urged Federal Reserve Chair Jerome Powell to lower interest rates to help bring down housing costs ahead of the central bank's policy meeting this week.