Low-income borrowers could divert some of their downpayment funds to a reserve account that would pay loan costs during emergencies in a pilot program proposed by the Urban Institute.

Warehouse bankers advise lenders to stay in contact with their funders as the market deals with low inventory and volatile interest rates.

Home prices expected to decline; FTC hearing on ICE/Black Knight delayed; legal services for AI usage; MISMO updates; accounting proposal on acquired assets.

The volume of mortgages classified as held for sale at banks and thrifts ticked up in the first quarter, ending a long decline. Loan sales by banks also outpaced originations of mortgages intended for sale. (Includes two data charts.)

Mortgage companies across the spectrum are looking for ways to reduce expenses. Automation and artificial intelligence might be a solution.

CrossCountry, Guild offering downpayment assistance; majority of loan originators living paycheck to paycheck; legislation would limit trigger lead activity; and more.

Originations were down in the first quarter, but gain-on-sale margins improved. Having a hand in the servicing business helped some firms turn a profit.

Banks with higher IT expenditures are significantly less likely to reject the applications of borrowers that are observably riskier, according to new research.

Technology vendors tout the potential of automation in the non-QM space while warning that AI still has a way to go.

Expanded use of bid-tape AOT transactions and mandatory mortgage deliveries increase lender efficiencies and boost profits, according to hedge consultancy Mortgage Capital Trading.