Mortgage Bankers Association

Per-loan profits for nonbank lenders increased over 13% in 2016 from the previous year, driven by higher loan balances and increased revenue.

Mortgage applications increased 1.5% from one week earlier even though refinancing activity continues to shrink, according to the Mortgage Bankers Association.

By replicating human tasks, robotic process automation technology is driving scale and efficiency in loan manufacturing.

Commercial and multifamily mortgage bankers originated $490.6 billion closed loans in 2016, making it the third strongest year on record despite the pressure higher rates have put on volume.

Increased access to jumbo loan products brought mortgage credit availability to its highest level since the bust.

Mortgage applications decreased 1.6% from one week earlier as refinancing activity continues to shrink, according to the Mortgage Bankers Association.

Loan defects are inching upward in a market where higher rates could lead to more fraud risk.

Refinance applications reached their lowest share in more than seven years even as mortgage rates fell last week, according to the Mortgage Bankers Association.

The industry expects to lean on technological efficiencies this year as higher rates and dwindling refinances test their businesses.

In a bitterly partisan Congress, two senators are making a rare push across party lines to solve a persistent riddle with huge implications for the U.S. housing market: What to do with Fannie Mae and Freddie Mac?