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The company, on the cusp of going public via a merger, recently added Wells Fargo to its client roster.

While purchases increased, refinancing activity slowed considerably compared to its pace over the past month.

Purchase contracts for the three months through April surged 85% from a year earlier to 3,487, the builder said in a statement after the close of trading Tuesday.

While elevated prices are acting as brake on demand, mortgage rates near historic lows and elevated backlogs suggest steady residential construction gains in coming months that will help contribute to economic growth.

The cloud-based mortgage closing platform’s Series D round earned $150 million for the company.

The deal adds to the burgeoning technology stack at the Houston-based title underwriter, which added NotaryCam in December.

Garg discusses how Better plans to maintain growth in a volatile market in an exclusive interview.

Estimates suggest the government-sponsored enterprises did encourage increased lending to this demographic last year but ran into challenges related to the pandemic's impact and their own fluctuating business models.

The transaction goes a long way toward the company’s goal to amass MSRs with a total unpaid principal balance of up to $150 billion.

Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 13.2% in March, the biggest gain since December 2005. That came after a jump of 12% in February.