Mortgage-banking income at banks and thrifts went up 27.8% in the first quarter of 2024 compared with the previous quarter. Trends were far from uniform among the major players. (Includes data table.)
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The mortgage giant itemizes the sources of the increased cost of loan origination, then pitches the technological tools embedded in its underwriting system as a potential remedy.
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Speaking at the National Reverse Mortgage Lenders Association conference this week, Urban Institute’s Laurie Goodman called for “more permanent” steps to ease liquidity issues in the HECM market.
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Fee cures caused by TILA-RESPA Integrated Disclosure violations are one cost-cutting area lenders should consider when looking to save money in today's low origination volume environment, according to a new whitepaper by ICE Mortgage Technologies.
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Federal and state regulators looking to implement new data privacy standards should include exemptions for firms subject to Gramm-Leach-Bliley Act requirements, according to the Mortgage Bankers Association and other trade groups.
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New downpayment assistance programs and tracking of rental payment history for underwriting purposes are among the suggestions put forward by two Urban Institute researchers.
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Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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