The stock market as a whole, and most members of the Mortgage Industry Equity Composite, retreated on Monday to a lower close when compared
There were 12 of the 17 MIEC member stocks which ended the day down with Ellie Mae leading the way, off 4.29%. Next was KB Home, down 1.92%, and Dime Community, down 0.85%.
Fiserv was the largest gainer on a percentage basis, up 2.21%, followed by PHH, which gained 1.45%, and PennyMac, up 1.18%.
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
