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The company, which recently divested in the forward mortgage business and sold off its title services unit, reported a $222.5 million loss.

Alejandro M. Agenjo is a Madrid-born engineer, psychologist, and entrepreneur whose passion is understanding people and improving communities and their systems. He was named one of the top social entrepreneurs in 2019 for his ed-tech startup seeking to detect students' strengths and learning styles to improve learning and future opportunities. Today, he's the proud co-founder and CEO of Erudit, an AI SaaS empowering executives with real-time workforce insights to drive better decisions and to build healthier work communities.

But its operating income missed estimates with servicing income and gain-on-sale margins coming in lower than expected.

The agency's president, Alanna McCargo, called the nonbank liquidity issue "the biggest of our time," while speaking at the Bipartisan Policy Center Tuesday.

The lender and servicer posted its highest pull-through weighted gain-on-sale margin in almost two years while recording modest production growth.

The news helped drive 30-year mortgage averages above 7% last week, according to the Mortgage Bankers Association.

Erika Duncan is a human capital consultant at UHY Advisors.

HPC and the MBA called on John Bell, executive director at the agency, to disclose a blueprint of the VASP program and allow for a 30-day commentary period.

One in eight appraisal-related fees are covered by lenders, a survey conducted by Stratmor Group found.

Moody's said higher funding costs, a potential decline in bank capital and growing risk in the commercial real-estate industry prompted many of the downgrades.