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Volumes fell 18% compared to the previous week, while refinance activity also pulled back.

Despite a likely recession, researchers at the government-sponsored enterprise revised volume forecasts upward for both 2023 and 2024, while originators also entered the year expecting their business to improve.

Interest rate increases and economic concerns led the government entity to lower the required amount from $1 million to $250,000.

The government set forth five principles companies should follow when they use artificial intelligence. Chintan Mehta, CIO of strategy, digital and innovation at Wells Fargo, shares how one of the largest banks does it.

Cleveland Fed president says the central bank is still raising rates to a level that's high enough to bring inflation down to the target.

The company's shares jumped after it reported quarterly revenue that wasnhelped by a better-than-expected period for its core advertising business.

Non-depositories now dominate home lending, but many of these firms were untested until they had to grapple with the current rising rate environment. How they fare could significantly impact the rest of the mortgage market and, more specifically, the Government National Mortgage Association.

The markets are looking for a Fed pivot, but central bankers continue to say more hikes are coming and rates will stay higher longer. OANDA's Ed Moya joins us after the meeting to give a comprehensive look at what the Fed signals for the future.

Average purchase sizes have increased each week this year, likely signaling greater buyer activity occurring toward the higher end of the market.

The Consumer Financial Protection Bureau's two new proposed rules make sense for most non-banks but applying them to independent mortgage banks is redundant, writes the head of the Community Home Lenders of America.

The government-sponsored enterprise expects a "moderate recession" in the first half of 2023.

Interest rates and inflation are at the top of the list of problems facing the industry, but attracting consumers under current market conditions has become more concerning, according to the National Association of Home Builders.

The change comes as the battle with rival United Wholesale Mortgage reaches a fever pitch and analysts speculate that more changes at the top could be coming.

Federal Housing Finance Agency Director Sandra Thompson said that Federal Home Loan Banks benefit from the implied guarantee of the U.S. government.

The company reportedly hired Truist to broker the loan origination system, which observers have been saying all along would have to happen.

The central bank has raised rates aggressively for nearly a year, but experts believe the hiking cycle is nearly over.

If he really wants to win reelection in 2024, President Biden and his administration should leave the mortgage industry in peace and find somebody else to torment, the Chairman of Whalen Global Advisors writes.

A decline in jumbo products led to overall tightening, as conforming and government-sponsored loan categories measured in the Mortgage Bankers Association's index were unchanged from December.

The bank's delay in investigating the case forced the plaintiff to resign from the bank in July 2021, according to the complaint. Wells said that it takes allegations of misconduct "very seriously."

Refinances surged 18% compared to the prior week and purchases 3%, but growing loan amounts signal still-limited affordability.