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The numbers represented an annual surge of 56% after COVID-19 relief measures expired across most of the country

An index tracking the industry is up 28% so far this year coming off of one of its worst years since 2018.

The top five lenders have a combined retail volume of more than $24 billion at the end of Q4 2022.

A Consumer Financial Protection Bureau case against the lender involved is still pending and could have broader implications for compliance issues.

Other positions are being eliminated nationwide, with just 50 to 60 people remaining to manage the company's mortgage servicing rights.

Letting consumers share their VantageScore data with crypto lenders is expected to help them get a better deal on crypto loans. 

"Crisis is too strong a word, and words like that get used a lot," though there was "a fair amount of disruption for a few weeks there," Moynihan said.

The Charlotte, North Carolina, company plans to fold the online consumer lending platform LightStream into its broader consumer business. On top of a recent pullback in bond trading, it may also make further reductions in its mortgage business and occupied real estate.

The median selling price of a previously owned home clocked in at $375,700 in March. That's 0.9% below its year-ago level, marking the largest decline since 2012, data from the National Association of Realtors showed Thursday.

Uncertainty about the economy and inflation drove the increase

A former employee at the Consumer Financial Protection Bureau sent data on 256,000 consumers and dozens of companies to their personal email account.

Contract closings decreased 2.4% last month to an annualized pace of 4.44 million after an outsize jump in February, according to data released Thursday by the National Association of Realtors.

Forty mortgage professionals located in California have transitioned to the San Diego-based lender, including processors, transaction coordinators and loan officers.

The proposed legislation proposes to amend the Fair Credit Reporting Act to prohibit the creation and sale of contacts used for marketing.

Executives at the Minneapolis bank responded to a research report that highlighted the decline in a key capital ratio after an acquisition last year. They don't plan to raise capital but aim to generate more of it from earnings in coming quarters.

The U.S. economy stalled in recent weeks, with hiring and inflation slowing and access to credit narrowing, the Federal Reserve said in its survey of regional business contacts.

The Phoenix bank provided behind-the-scenes details of the fallout from March's banking crisis, when it lost $8 billion of deposits in a single day. The company's share price closed up 24% on Wednesday after executives vowed to reassess its capital and liquidity strategy.

Economic turbulence affected borrowers during the quarter and will likely impact their ability to refinance maturing loans, the Mortgage Bankers Association said.

The trade group will be pushing for changes impacting trigger leads, RON implementation and the FHFA's recent LLPA adjustment, leadership announced at its advocacy conference.

The move could reinforce measures undertaken by the current administration