Lenders using automation to enhance underwriting should ensure their models measure fairness to applicants and not just data accuracy.

Mark Jones, chair of the Mortgage Bankers Association, expects home sales to remain suppressed due to limited supply and elevated interest rates.

Beginning May 13, Ginnie Mae will transition to a central application system for issuer submissions of required fidelity bond, errors and omissions insurance, and financial statements.

OSHA has ordered PrimeLending to pay back wages to two employees who were subject to retaliatory actions after they raised concerns related to consumer fraud.

The correspondent channel accounted for 47.5% of FHA/VA originations in 2023, up from a 46.8% share in 2022, based on volume from a subset of lenders that produced the majority of FHA/VA volume.

One positive sign for HECMs: Roughly 10,000 Americans, some house rich but cash poor, turn 62 every day...

Both the correspondent and broker channels increased their share of FHA and VA lending in 2023. (Includes data table.)

The Community Home Lenders of America worries changes in home sale commission practices could make it more difficult for veterans to purchase homes using their VA home loan benefits.

For the full year, $14.78 billion in home equity conversion mortgages were originated in 2023, down 50.2% from 2022. (Includes three data tables.)

FHA Commissioner Julia Gordon and Ginnie Mae Senior Vice President of Capital Markets John Getchis spoke during a recent Ginnie Latin America Roundtable in Washington, DC.