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The collapse in U.S. home construction during the third quarter took its biggest chunk from gross domestic product in nearly 15 years as surging mortgage rates dealt a hammer blow to demand.

Why several rivals are suing the mortgage lender, and why it may not matter

But the static weekly data in the Freddie Mac survey does not accurately portray the volatility in the market in recent days.

Regulators are raising alarm over the design applications that can manipulate consumers into buying products or services or compromise their personal information.

However, from a historical perspective, vacant pre-foreclosure homes remain "nearly extinct" heading into the fourth quarter of this year, according to Attom Data Solutions.

Eighteen months after the $2.6 billion deal was announced — and five days before the Oct. 31 deadline — New York Community is still waiting for regulatory approval to buy the Michigan bank. On their joint earnings call, the companies wouldn't say where the deal stands.

Lisa V. Zivkovic is an associate in Morrison Foerster's Privacy + Data Security Group, where she advises clients across industries, including financial services and fintech, on issues at the forefront of privacy and cybersecurity. She holds a Ph.D. from New York University in the history of data privacy in the United States and Europe.

Purchases of new single-family homes decreased 10.9% to a 603,000 annualized pace following an unexpected gain in August, government data showed Wednesday.

The cuts account for 5% of its workforce of 5,791 full-time employees as of the end of June.

The company is positioning itself for further challenges in the mortgage cycle, and considering MSR buying opportunities while keeping in mind that it needs to be cautious about its capital allocations.