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The company increased and diversified its income streams beyond the mortgage sector but expenses associated with stock-based compensation and a recent acquisition outweighed these gains.

In a letter to the agency’s new director, top Senate Democrats recommended policy steps intended to limit mistakes in consumers’ credit files that they said “can ruin lives.”

But overall, customers are less satisfied with their origination experience compared with the 2020 survey, according to J.D. Power.

The decline in late payments recorded in a trade group survey raise hope that many servicers will bear up under a wave of tighter enforcement coming from regulators.

The average for a 30-year loan was 2.98%, down from 3.09% last week, Freddie Mac said in a statement Thursday.

The federal bank regulators had relaxed certain requirements in April 2020 due to the COVID-19 crisis. But they said in a new joint statement that servicers “have had sufficient time to adjust their operations” since that time.

Amid its first post-IPO securitization of loans made outside a regulatory definition for standard products, the company has seen purchases accelerate, but it underperformed by some analysts’ estimates.

Mortgage defaults, bank repossessions and auctions rose for the third month in a row, according to Attom Data Solutions.

The weekly gain was the largest since July, but overall activity still remains close to early 2020 lows.

After its most formidable competitor exited the business in the face of mounting losses, the company is seeking to reassure investors and consumers that its bid to re-engineer the $2 trillion U.S. housing market is still on track.

Nearly half of the company’s revenue comes from sources outside of the traditional home lending market, CEO Patricia Cook told analysts during the company’s earnings call.

The Federal Housing Administration’s changes seek to bring guidelines for specialized Title I programs in line with current borrower and market needs.

However, it remains 30% tighter than pre-pandemic levels, according to the Mortgage Bankers Association.

The wholesale lender's net income of nearly $330 million factored in a $170.5 million hit from a reduction in its mortgage servicing rights fair value.

Acting FHFA Director Sandra Thompson's decision to act immediately rather than taking the time to examine the impact likely harmed private-label securitizations in the short term, but issuance is still on course for a record year.

The number of plans is less than one-fourth of what it was at its pandemic peak, and many are expiring, so the group will replace the weekly measure with a monthly one.

The company’s gains, which far exceeded analysts’ expectations, were partially offset by thinner production margins.

The two fintechs look to streamline document capture and credit decisioning for lenders.

The company’s six acquisitions since last March will contribute to increased revenue in both of its software and data and analytics segments.

Randal Quarles, who oversaw an easing of post-financial crisis rules as the Federal Reserve’s vice chair of supervision, announced he will resign at the end of this year. His departure will leave President Biden with another open seat to fill on the central bank’s board.