A group of 13 publicly traded nonbanks reported a combined $2.20 billion in mortgage-banking income for the second quarter, down 32.3% from the first quarter.

Pulte-led Federal Housing Finance Agency presides over further reductions in the senior staff at Fannie Mae, terminating as many as a dozen executives last week.

Industry groups — including the Community Associations Institute, the Community Home Lenders of America and the National Association of Realtors — made their displeasure about the change to condo loan applications known in a recent joint letter to Federal Housing Finance Agency Director Bill Pulte.

As part of the merger, UMortgage CEO Anthony Casa will join NEXA as an executive partner.

loanDepot's closing price for its stock was less than $1.00 per share over a consecutive 30 trading-day period.

“Affordability deteriorated as mortgage rates moved higher through May and June,” said Varun Krishna, CEO of Rocket Companies.

To help increase earnings, the homebuilder is shifting its focus to higher-priced homes.

Residential whole-loan assets are becoming more popular among insurance companies because they are willing to accept the operational complexity that comes with investments in the space.

"More sellers are entering the market partly because some of them have come to terms with today's somewhat slow housing market; they are accepting that they may need to sell for a slightly lower price than they want, and it may take them slightly longer to do so," Redfin said.

FHFA could soon revise loan level price adjustments at the GSEs.