Both JPMorgan Chase and Wells Fargo reported increases in mortgage origination volume and revenue in Q2, which suggests the Q1 might have been the bottom of the current cycle for lenders.
The CFPB filed an amicus brief in a Maine court in support of a TILA lawsuit, finding fault with a lender's contention that the law doesn't apply.
During the first six months of 2023, filings were made on a total of 185,580 U.S. properties for foreclosure, default notices, scheduled auctions or bank repossessions.
The CPI data released today shows the growth rate of inflation cooling off, and that’s good for mortgage rates.