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Even after posting production losses in two of four quarters last year, independent mortgage bankers made $443 on every loan originated during 2024.
April 17 -
The 30-year fixed rate mortgage average rose 21 basis points this week, lagging other indicators, which are all now lower than seven days ago.
April 17 -
Ligation by the Ohio attorney general claims UWM has turned brokers in its network into retail loan officers who solely work for the company.
April 17 -
Housing starts in the US fell in March by the most in a year, as weak demand from high prices and mortgage rates gives builders little confidence to break ground.
April 17 -
Robert Wagnon is retiring and sold his 75% share to long-time mortgage executive Andrina Valdes, while Paulina McGrath remains as co-owner and president.
April 16 -
Banks ceded their market share of home finance following the Great Recession. Will the current regulatory environment make them more involved players?
April 16 -
The highly volatile interest rate environment will actually result in higher refinance mortgage volume than previous forecast for 2025 and 2026.
April 16 -
US mortgage rates jumped last week by the most since October on the back of heightened volatility in the Treasury market, causing a pullback in financing applications for home purchases and refinancing.
April 16 -
The potential impact of agentic AI on the mortgage industry's future lies in its ability to give human employees "superpowers," technology leaders say.
April 15 -
A majority expressed optimism of getting listing price or more, but a new survey also found the lock-in effect still weighing on the minds of potential sellers.
April 14