The fintech expects cost savings tied to the workforce reductions to materialize starting in the first quarter of 2023. Meanwhile, KBW upgraded the company’s stock to market perform.

It's a tough origination market, that's for sure. But when times are tough, opportunities can present themselves. Is now a time to buy retail branches from shops that are struggling? If the price is right, yes.

COVID sent home prices soaring and sped up sales. But it also created a spike in the proportion of homes removed from the market.

Single borrowers were more likely to use forbearance programs during the pandemic than coborrowers and were disproportionately helped by them, the Urban Institute found.

Mortgage servicing right markups have allowed several companies to report net profits this year when, absent these non-cash entries, they’d be in the red. But advisors suggest some MSR holders might be pushing the envelope on their valuations.

First-time homebuyers are once again finding success in the housing market, according to a Zillow report.

Lenders’ digitization efforts have helped improve consumer experience and reduce cycle time over the past two years, but have not been effective in bringing down costs, according to Fannie Mae.

Separate appraisals of the same homes showed disparities in customer service, valuation and the distance of comparator properties depending on the race of the homeowner present during the assessment.

MISMO is seeking feedback on a new application threshold decision model; mortgage industry consolidation continues apace; home price appreciation continues to ease.

Default rates on Fannie/Freddie loans continued to decline in the third quarter of 2022, while FHA-insured loans in Ginnie MBS pushed the overall Ginnie delinquency rate higher.