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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.

However, of those that would choose face-to-face interaction, 40% want it to include a hybrid or fully digital process.

An appeals court ruling last week found that the Consumer Financial Protection Bureau's funding structure violates the Constitution, but another court filing shows how the agency might fight back.

Binu Sudhakaran is an associate partner specializing in technology and implementation. He is based in McKinsey's Boston office.

Ongoing weakness in housing markets and the economy has now driven purchase activity to its lowest level since 2015, while overall application numbers decreased for the 10th time in 11 weeks.

Exclusive Arizent research found that more than 95% of employees think they have something to learn from people who are different from them. But only 66% think that diverse companies make better decisions. We explore the disconnect.

Mortgage experts generally expect the switch to open up lending and potentially improve the predictability of loan performance — but some are worried about potential costs.

Multiple mortgage real-estate investment trusts have warned that market movements would hurt their third quarter numbers.

Miten Aghera is a senior vice president in the accounting and reporting advisory practice at Stout. He advises both public and private clients in a broad range of industries on internal control over financial reporting and SOX, including SOX implementations.