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Originations

IMB profitability hits 4-year high in 2025, MBA finds

LOAN PRODUCTS, Mortgages, Originations, Servicing /

Independent mortgage bankers posted their highest origination profitability in four years in 2025, though returns remained well below levels seen in most years from 2009 to 2021, the Mortgage Bankers Association found. Processing Content Furthermore, the growth in the production segment’s financials was largely offset by a drop in net servicing financial income versus 2024. […]

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Buyers expect AI in mortgages, but trust is slipping

Artificial Intelligence, Housing markets, Mortgage technology, Originations /

The majority of homebuyers now expect artificial intelligence to play a role in the buying process but their trust in it is diminishing. Processing Content Three-quarters of buyers assume AI has already been embedded in the housing ecosystem, according to a new study from Cotality. But 55% of buyers in the United States would prefer

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Mortgage rates hit 4-week low on Iran conflict news

Economy, Housing markets, MARKETING TO BORROWERS, Mortgage Rates, Mortgages, Originations /

Mortgage rates fell 7 basis points this week to their lowest point in four weeks, as investors reacted to news the conflict with Iran might soon be resolved. Processing Content The 30-year fixed-rate mortgage averaged 6.3% as of April 16, down from last week’s 6.37%, the Freddie Mac Primary Mortgage Market Survey found. A year

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Lead generation firm fined for years of unlicensed activity

Law and legal issues, MARKETING TO BORROWERS, Originations, Regulation and compliance /

LeadPoint, a marketing lead provider serving home lenders, said it was ending all mortgage-related activity upon resolving Connecticut allegations of operating as an unlicensed entity for years.  Processing Content Connecticut banking officials lodged a $50,000 penalty against LeadPoint in a consent order issued in late March. Both parties agreed to the order after a 2025

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Mortgage fraud vulnerabilities dip to 43.7% in Q1

Customer data, Data privacy, Fraud, LOAN PRODUCTS, Originations, Secondary markets /

While the share of mortgage files with errors that pose wire and title fraud risks is lower compared with prior quarters, the mortgage industry is still creating the same vulnerabilities, the latest FundingShield Fraud Analytics Report found. Processing Content Total issues found during the first quarter were down to 43.7% for the three-month period, the

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Chase, Wells mortgage slump: what it means for non-banks

Earnings, JPMorgan Chase, MARKETING TO BORROWERS, Mortgages, Originations, Secondary markets /

Quarter-to-quarter mortgage production at both JPMorgan Chase and Wells Fargo fell by about 2.5 times more than what the Mortgage Bankers Association is predicting for the industry, a Keefe, Bruyette & Woods flash note commented. Processing Content The MBA’s March forecast called for $1.46 trillion in volume for the first quarter, with just a $21

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New-home purchase applications hit record high in March

Homebuilders, Originations, REALTORS & HOMEBUILDERS /

New-home purchase originations surged in March, waving off wartime macroeconomic concerns to set a record high, even as signs of a construction slowdown emerged.  Processing Content Applications for newly purchased homes accelerated 11% year over year, according to the Mortgage Bankers Association’s monthly builders survey. Compared to February’s more subdued activity, volumes popped upward by

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Spring purchase activity jumps despite climbing rates

Mortgage Rates, Originations /

Purchase activity soared to kick off the spring market this year as climbing rates didn’t dampen momentum over last year’s tepid start.  Processing Content Those mortgage locks in March were up 38% from February and 20% greater from the same time last year, according to Optimal Blue’s latest Market Advantage Report. Home buyers accounting for

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Fannie Mae establishes new AI governance guidelines

Artificial Intelligence, Fannie Mae, Industry News, Mortgage technology, Originations /

Fannie Mae released new guidelines surrounding the use of artificial intelligence and machine learning, joining its fellow government-sponsored enterprise in mandating new AI policy.   Processing Content Introduced last week, Fannie Mae’s rules officially take effect on Aug. 6 for sellers and servicers of loans it guarantees. Similar to updates already in place at Freddie Mac

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Non-banks see opportunity in physician mortgage niche

Non-banks see opportunity in physician mortgage niche

LOAN PRODUCTS, Marketing, Originations, Underwriting /

A specific area where the outside the box possibilities of nonconforming mortgages can help the market is in a profession aimed offering like for those who work in the medical field. Processing Content Kroll Bond Rating Agency recently came out with a report, “What’s up Doc — Medical Professional Mortgages, a New Niche in RMBS?”

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