Originations

The Consumer Financial Protection Bureau and Department of Justice issued a consent order against Wisconsin-based nonbank mortgage originator Fairway Independent Mortgage over redlining allegations. Fairway is the country's fifth-largest mortgage originator by volume.

Reversing a year-ago trend, the U.S. economy and plateauing interest rates led to credit tightening in September, the Mortgage Bankers Association said.

Hispanic-owned houses are worth 11.9% less than those owned by non-Hispanic White households, compared with 12.4% in December 2021, a recent high in the gap, Zillow said in a blog post

The Fed's cut has implications for mortgage companies' costs and the lineup of providers keeps fluctuating.

The Fed's short-term rate cut hasn't lowered 30-year mortgage rates, which have been flat, but some buyers had reasons to act sooner rather than later.

Even before finding out inflation ran hotter than expected, the mortgage rate trajectory was not favorable, Freddie Mac reported.

The move comes amid intense regulatory scrutiny of the commercial real estate market that has sparked a tightening of rules for lenders and brokers.

The management changes come amid speculation that competition between Mr. Cooper and another player that's been more focused on digital operations is heating up.

The introduction of quarterly price data for the segment arrives as a certain type of factory-built home attracts favorable attention from consumers.

The Convergence Collaborative, building on a Mortgage Bankers Association initiative in three cities, is seeking innovative solutions to the racial gap problem.