JPMorgan remained the top bank in earnings from its mortgage banking operations after a sharp increase in the third quarter. Its nearest rivals, U.S. Bank and Wells Fargo, both reported declining income. (Includes data table.)
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A focus on marketing language, downpayment assistance programs and technology are key to reach mortgage-ready borrowers, according to lenders speaking at the MBA’s annual convention.
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NMSI lost an appeal of a lawsuit brought by two former employees regarding compensation. The dispute centered on whether email correspondence was sufficient to modify an employment contract.
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Even as the geographic area of the FEMA-designated 100-year floodplain has expanded, the number of properties considered to be in the floodplain has declined.
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Given the increasing use of artificial intelligence and automation, mortgage underwriters should reexamine how they look for fraud threats, according to analysts at CoreLogic.
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VantageScore expanded the borrower base; mortgage interest rates increased for seventh consecutive week; Blend tech offering for nonbanks; MISMO updates.
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The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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