Digital Mortgage Direct Page

Their activity was below the record share hit at the start of 2022, and down from the high water mark of 93,700 properties bought in the third quarter last year.

The declines in home mortgage operations followed a profitable first quarter as originations slumped and the payments business generated less net financial income than in the previous fiscal period.

While commercial investors have begun to recognize the importance of anticipating extreme weather events in their business strategies, companies involved in residential transactions lag behind.

The decline continues the trend of seesaw movements, coming just a week after economic worries led averages to surge.

Sales of previously owned U.S. homes fell for a sixth straight month in July in the latest indication of how high borrowing costs and waning demand are propelling the housing market's rapid decline.

The Consumer Financial Protection Bureau's recent offensive against redlining by nonbank mortgage originators is increasingly relying on internal communications to make charges stick.

Joe Maier is senior vice president and director of wealth strategy at Johnson Financial Group.

New capital standards the government bond insurer added were lower than the ones in previously proposed rules that had riled lenders and servicers.

Eric Sontag is president and chief operating officer at Wealthspire. He manages the firm's general business practices and processes and of the firm's Executive and Investment committees and is a member. He also leads technology, operations and investments functions while helping to shape the overall strategic direction of the firm.

James Fritz is chief information security officer at NFP. Prior to this role, he helped migrate companies to the cloud, as well as for the U.S. Army, where he conducted defensive cyberspace operations. He holds a bachelor's degree in mathematics from the United States Military Academy and earned an MBA from Syracuse University.