The volume of loans with an LTV of 81% or above dropped by 18.5%.

Originations in 2023 were at the lowest level seen since 2014.

Western Alliance’s gain-on-sale margin declined from 38 basis points in the third quarter to 30 bps in the fourth quarter.

“We are really having a working class, middle-class insurance affordability problem around the country,” said Michael Hecht, CEO of Greater New Orleans Inc.

Mortgage origination revenue at FICO more than doubled in the fourth quarter of 2023 compared with the fourth quarter of 2022.

The CFPB has concerns about lenders reducing LO comp in an effort to increase originations.

Gross profits and profit margins on home sales fell from 2022 to 2023, marking the first year-over-year decline since 2011.

Carrington Mortgage non-QM expert returns; Bilt Rewards to offer mortgage payment rewards following funding round; Colonial Savings to launch new mortgage servicing ecosystem; TD Bank announces community impact plan to target LMI and minority borrowers.

The MBA is taking its concerns about rising costs for obtaining credit scores to the Federal Housing Finance Agency, the Consumer Financial Protection Bureau and the Federal Trade Commission, among other entities.

Purchase-mortgage applications increased even as interest rates inched up.