The acquisition is set to add a new revenue stream to Netcapital that is focused on residential mortgage originations and servicing.

Eight of the top 10 banks reduced their portfolios on a quarterly basis.

Bill Pulte will remain in his housing roles while serving in the new position.

Cotality’s latest National Mortgage Application Fraud Risk Index found that an estimated one in 129 mortgage applications showed indications of fraud in the first quarter.

The shareholder vote on a Two Harbors merger with CrossCountry Mortgage was postponed until June 11.

The re-proposal would improve banks’ return on capital, said John Sim, a managing director at JPMorgan Chase.

Homesellers are refusing to offer steep discounts.

Delinquency rates on mortgages with debt-to-income ratios above 43% are only slightly higher than delinquency rates on mortgages overall, according to a new analysis by Moody’s Ratings.

The delinquency rate held steady on a monthly basis, at 3.35% as of the end of April, according to Intercontinental Exchange.

An increase in interest rates limits prepayments on existing mortgages, helping to boost the value of mortgage servicing rights.