The correspondent channel gained a significant chunk of market share from retail in the conventional-conforming market during the third quarter. The broker share stayed steady.
Read More
Earnings ticked up in the third quarter, with some large banks posting significant increases in income. Loan sales and markups in mortgage servicing rights played a role in the improved profits.
Read More
Industry participants generally support the Federal Emergency Management Agency’s proposal to update its Federal Flood Risk Management Standard.
Read More
Fed researchers show that, when interest rates increase, refinances decline, but alternative forms of household borrowing increase proportionally. This borrowing substitution diminishes the value of refinances as a path for monetary policy.
Read More
Blend paid down a portion of a term loan and extended the loan; Capital City Bank faces material weakness in internal controls; Associated Bank adjusts portfolio lending strategy; First American fined for cybersecurity breach; MISMO launches eVault standards; new tech platform for brokers.
Read More