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The broker argues it did not break any agreement because it never signed an amendment to UWM's ultimatum in 2022.

The racial gap in first-time buyers' ability to maintain their status as owners has also narrowed over the last two decades, the agency's researchers reported.

Even with the recent pickup, builder sentiment may remain below its longer-term average until borrowing costs fall more significantly.

Malicious actors could be utilizing the same software that cybersecurity experts use to test a company's systems for vulnerabilities.

Christy Soukhamneut, chief lending officer at University Federal Credit Union in Austin, Texas, discusses the places career opportunities can emerge from, the importance that asking questions has in creating leaders and the rising profiles of women in mortgage.

Bond investors who were once convinced that the Federal Reserve would start cutting interest rates this week are painfully surrendering to a higher-for-longer reality and a murky path forward for the market.

Listings of existing homes rose 12% in February compared with a year earlier, and one in five of them are seeing price cuts, according to Zillow Group Inc. 

An unnamed hacker in December "potentially removed" sensitive consumer data including Social Security numbers from the wholesale lender.

Combining the two property preservation firms brings specialized technology and capabilities that Five Brothers has to MCS and broadens the operations of both.

While the GSE searches for a permanent successor, Hutchins will also serve concurrently in his role as president following Michael Devito's departure on March 15.

The pending agreement won't significantly impact commissions payments themselves, attorneys for the association said.

The increase in production revenues was canceled out by higher expenses, a sign that too much capacity remains in the system, the Mortgage Bankers Association said.

Some potential sellers are realizing that waiting for lower rates might not be worth it given the amount of equity they have, Zillow said.

While prices for concrete, steel and gypsum products all increased, softwood lumber declined, the National Association of Home Builders said.

Cost of property coverage rose more than 55% over the last five years and it'll likely keep rising through 2024, a report from Guaranteed Rate found.

The troubled Long Island-based lender laid out steps that it's taking to improve its loan-review process. The remediation efforts follow a massive loan provision last quarter, which led to a management shake-up and a $1 billion rescue led by former Treasury Secretary Steven Mnuchin.

A legal action accuses the department of not automatically refunding mortgage insurance premiums when a borrower terminates their FHA-insured mortgage early.

The average 30-year fixed mortgage rate for conforming loans fell, according to Freddie Mac, even as the 10-year Treasury yield rose nearly 18 basis points from the start of this week.

Gen Z and millennials are more willing to take a higher mortgage rate in order to buy a home than Gen X and baby boomers, the ServiceLink report found.

Larger banks are responsible for a special assessment to cover the costs of the failures of Silicon Valley Bank and Signature Bank. The price tag has ballooned by $4.1 billion, and trade groups are criticizing the FDIC's process, arguing that it lacks transparency.