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Equity-rich mortgages — those that have a loan-to value ratio of 50% or lower, meaning the mortgage holder's equity stake is at least half the property's worth — made up some 49% of the national total in the second quarter of this year, according to a report by Attom, a real estate data provider.

The mortgage industry may be largely in the dark about the process, which could save homeowners potentially thousands of dollars a year.

The company also has been upgrading technology to manage its large servicing portfolio, which, with pending additions, is within reach of Chairman and CEO Jay Bray's $1 trillion goal.

Following the difficulties of Silicon Valley Bank and Signature Bank this spring, banks are approaching the emergency lending facility more proactively, the Federal Reserve chair said.

A successful merger would culminate an over two-year period of major losses and pestered with criticism over the firm's mass layoffs.

Renovations, already the leading use for these borrowings, increased their share to nearly two-thirds of the products' market, the Mortgage Bankers Association said.

Steve Sabin, SVP, Division Executive, Lending, FIS.

The decline occurred even as interest rates held steady, but average loan amounts shot up due to a heightened slowdown of federally sponsored activity, the Mortgage Bankers Association said.

Geraldine Garaud is a director analyst in the finance practice at Gartner. She provides guidance in a number of key areas, such as finance strategy, organization design and change management, and advises clients on effective finance transformation programs.

The Mortgage Cadence's pipeline of potential customers has shifted from "niche players" to primarily nonbank lenders, Executive Vice President Joe Camerieri said.