Even though Friday marked the third day of a stock market losing streak, gainers on the Mortgage Industry Equity Composite edged losers nine to seven with Fidelity National Financial closing unchanged.
KB Home, one of only two MIEC stocks
Leading the gainers was MGIC Investment Trust, up 2.13%. Home Loan Servicing Solutions was up 1.6% and Ellie Mae was up 0.71%.
While newly constructed home mortgage applications rose both on a monthly and annual basis, the gains were slower than typical.
Sens. Elizabeth Warren, D-Mass., and Richard Blumenthal, D-Conn., detailed how New York Community Bank grew to exceed the $100 billion threshold that triggers tougher bank requirements and set the bank on a path to market turmoil via a series of deals that were approved, in part, by the Office of the Comptroller of the Currency.
The mortgage lender is requesting for a former VP of Mortgage Lending to pay back over $500,000.
The Supreme Court ruling on tax foreclosures could improve servicer recoveries but it's also giving some jurisdictions pause as they look at how to interpret it.
The former Realtor says a lack of teamwork between real estate agents and lenders in today's climate could compromise buyers and sellers.
A multiyear agreement will enable Mphasis to use AWS platforms for modeling industry-use cases, especially concerning data extraction and document processing.
