The deal was highly vetted with regulators following the publicly traded company's failure to obtain approval in a past agreement, an executive said.
Nonbanks in home lending rely heavily on this type of funding and are carefully watching rules for depositories that offer it as the industry consolidates.
The forbearance rate continued recovering in lockstep with employment improvement, according to the Mortgage Bankers Association.
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The first quarter showed a narrowing in the market share spread between the six active underwriters, but that was before April's economic uncertainty.
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The mortgage fintech looks to transition to a model of strategic platform partnerships rather than offer its own closing services as it simplifies operations.
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The Trump administration says it will nominate Jonathan McKernan to serve as Treasury undersecretary for domestic finance. McKernan has already been nominated as the next director of the Consumer Financial Protection Bureau.
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Agency mortgage backed securities have slipped about 1.1% since the start of April, trailing Treasuries and the broader US bond market.
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The declines on Thursday pushed two- to 10-year yields higher by at least 10 basis points on the day after President Donald Trump urged people to buy stocks based on the latest trade developments.
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The median property tax payment amounted to $2,969 a year, or $247 a month, an analysis by LendingTree found.
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For successful mortgage originators, going in person to meet clients, instead of hiding behind email and social media, can make the difference between closing a sale or going back to the office frustrated.
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The massive waves of 2005-2007 residential mortgage-backed securities downgrades have finally calmed down a bit, thanks largely to housing improvement.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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