Originations

A man who started a mortgage brokers group issued a statement indicating he regretted saying "lewd" personal things about a Quicken Loans executive’s spouse while sparring over a professional matter.

Mortgage industry hiring and new job appointments for the week ending July 10.

For the first time in three weeks, mortgage application volume increased, this time by 2.2%, as purchase activity was up in a holiday-shortened week, according to the Mortgage Bankers Association.

A Detroit-based company, which owns Rocket Mortgage and Quicken Loans, listed the size of its upcoming offering in filing as $100 million, a placeholder amount that will likely change.

Guarantee fees became the main source of revenue for government-sponsored enterprises during conservatorship, and reverting to a private stockholder model could create a need for more revenue.

Mortgage industry hiring and new job appointments for the week ending July 3.

Mortgage application volume was down for the second consecutive week, this time by 1.8%, as a new record low for rates was not enough to overcome diminished demand, according to the Mortgage Bankers Association.

Lenders and servicers' biggest pandemic challenges revolve around clarity for loan eligibility and understanding options for their borrowers once the forbearance period ends.

Andy Peach is leaving after less than a year in the top spot.

The gap between Black and white homeownership rates is extremely wide in some areas, and it could get worse if the industry fails to proactively address local and national inequities.

First American's Loan Application Defect Index is higher on a month-to-month basis for the first time since February 2019.

Contract signings to purchase previously owned homes surged in May by the most on record as mortgage rates fell and some states began to reopen from coronavirus lockdowns.

Mortgage industry hiring and new job appointments for the week ending June 26.

Video conferencing might replace some in-person meetings even after people can go back out on the road again.

Even as interest rates remained at record-low levels, mortgage application activity for both purchases and refinancings declined compared to one week earlier, according to the Mortgage Bankers Association.

A new CFPB rule will expedite the forbearance and loss-mitigation process for consumers suffering financial hardship from the pandemic.

Sales of previously owned homes dropped in May by more than forecast to the lowest level since October 2010 as the coronavirus pandemic sent demand skidding along with the rest of the economy.

Mortgage industry hiring and new job appointments for the week ending June 19.

The language most frequently spoken by LEP consumers is Spanish, followed by Chinese, Vietnamese, Korean and Tagalog. The Federal Housing Finance Agency's online clearinghouse translates CARES Act forbearance information into these languages.

Home construction starts rose less than forecast in May, suggesting builders were slow to resume work even as states across the country began to reopen.