Decrease was due to a decline in both purchase and refinancing activity, driven by the rise of interest rates.
Regulation and Compliance
Says the face value of Signature Bank's portfolio is about $27 billion, and about $87 billion for SVB's portfolio.
NMLS operator seeks public comment on proposal through May 15.
Bad actors reported by financial institutions seeking level playing field
The rule could affect mortgage originators who work with property investors.
Says new tool supports a more effective and efficient servicing transfer process.
Industry experts are wary that the FHFA’s new loan level price adjustments will do little to aid the housing affordability crisis
MBA seeks right-size capital standards and correct loan assumption fees
CFPB director tells Consumer Bankers Association conference such a failure could lead to 'chaos.'
Will allow GSE's borrowers facing financial hardship to defer up to six months of mortgage payments.