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Late payments on VA loans were up markedly within the first quarter, in contrast to other products, according to new Mortgage Bankers Association data.

Housing starts increased 5.7% to a 1.36 million annualized rate after downward revisions to prior months, according to government data released Thursday.

For the second consecutive week, rates for the 30-year fixed rate mortgage declined as the Consumer Price Index report was better than expected.

Industry organizations indicated they want to be ready to analyze an advanced credit metric in early 3Q in line with FHFA plans, but they see some roadblocks.

The platform, akin to ChatGPT, was developed in partnership with Microsoft, Google and OpenAI.

The lender will take care of settlement agent duties for a flat $1,850 fee, expanding on its previous title alternative program.

The lender will advertise Mortgage Matchup, which features brokers, with prominent television and on-court advertisements during games.

The Supreme Court issued an opinion Thursday morning that was unequivocal in its view that Congress is constitutionally empowered to fund agencies with open-ended and indirect funding mechanisms, overruling a 5th Circuit opinion from 2022 that found that executive branches must be subject to direct Congressional appropriations.

The move further diversifies a company working to grow beyond its roots in what is currently a small — but possibly expanding — single-family distressed market.

Investors reacted negatively to New York Community Bancorp's divestiture of a $5 billion loan warehouse portfolio to JPMorgan Chase. The deal has triggered a debate about whether other banks might retreat from lending to nonbank home lenders.

This is the fourth transaction EasyKnock has made of home equity alternative providers since the start of 2023.

Compared to a year ago, investors bought a greater number of properties and made up a larger share of overall purchases, returning to the market faster than individual buyers, according to Redfin.

A presidential advisor for housing could be the solution for the "alphabet soup" of federal agencies that don't understand the industry, Mortgage Bankers Association CEO Bob Broeksmit said.

The engine, rebranded as ICE PPE, was considered not as robust as the Optimal Blue product it was forced to sell in the Black Knight deal.

The National Association of Home Builders/Wells Fargo index of housing market conditions fell by 6 points to 45 in May, the lowest level since the start of the year.

Refinance activity jumped for a second week, as interest rates trended downwards, the Mortgage Bankers Association found.

The total compensation of the highest paid CEO among the largest nonbank mortgage lenders in the country was $30.3 million in 2023, up by nearly 300% versus 2022.

The number of borrowers who are at their credit limits is approaching its pre-pandemic level, and the percentage of balances that are sliding into delinquency has hit its highest rate in more than a decade, according to new research. Still, card companies are generally expressing optimism about their credit outlooks.

Radian joins existing shareholders in the new financing, which adds to a Series A round of $19.8 million conducted in 2020.

The litigation filed against Mr. Cooper accuses it of charging borrowers a "junk fee" of $25 for a payoff quote statement.