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New mortgage fee won’t debut until after spring homebuying season

USA Real Estate News-Inman - Fri, 2023-03-17 17:28
Industry groups continue to object to a new Fannie and Freddie fee aimed at some riskier borrowers as a burden on lenders and consumers.

Even after layoffs, 3 in 4 mortgage lenders lost money in Q4 2022

USA Real Estate News-Inman - Fri, 2023-03-17 16:20
Lenders lost $2,812 per loan as business dropped off faster than they could trim expenses and production costs hit a record-high $12,450 per loan, a Mortgage Bankers Association survey found.
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