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Stronger than expected numbers for overall U.S. employment additions have diminished lender hopes for steeper rate drops, and industry hiring has been tepid.

Companies announced new product rollouts and capital raises last month, but some are also facing lawsuits as the industry encounters heightened attention to the lack of consumer protections.

Chief capital markets officer William Chang is stepping down "to explore new opportunities within the mortgage banking sector."

Franklin Credit Management Corp. agreed to pay $300,000 to Massachusetts and not sell its portfolio of state loans to a different servicer.

Buyers aren't necessarily responding to greater inventory and lower mortgage rates.

The conforming 30-year fixed rate mortgage rose to 6.12% on Oct. 3.

writes the Senior Economist for LendingTree

The Federal Reserve issued two enforcement actions, one against a bank in Montana, the other against a former information technology employee in Wyoming.

The perpetrator faces up to 150 years in prison, with sentencing scheduled for December.

The order by the judge, who had previously dismissed part of the original loan modification-related claims, shortens the legal process for allegations that remain.

The Bay Area lender said an unauthorized party was in its servers for over five weeks this spring.

A federal judge denied class certification to investors who blame stock losses on misleading statements by executives.

Former employees are still seeking back pay from the non-QM lender's abrupt shutdown in July 2022.

T-Mobile is broadly syndicating $500 million of securities, and the total size of the securitization is $561.34 million.

Treasuries are sliding after companies added more jobs than expected last month, sending a mixed signal to traders who are watching the labor market for signs the Federal Reserve needs to aggressively cut interest rates.

The deal reunites the executive that heads up Securent Risk Retention Group with former colleagues and allows SitusAMC to support growth for other business lines.

The bank just added an additional $6 million to a program that pays for a 2 percentage point buydown in the mortgage rate for eligible borrowers.

The mega wholesale lenders ChatUWM bot will now be able to sift through PDF documents, calculate borrower income and upload loans to UWM's application system.

The launch of joint-venture business Aclara Lending comes through a new agreement between the real estate enterprise and mortgage broker Barrett Financial Group.

Marc Rowan said he doesn't see a reason for the Federal Reserve to keep cutting interest rates to stimulate the U.S. economy.