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The company's earnings looked more favorable when adjusted for the one-time charge, and it reported record levels of liquidity during the quarter.

Looking ahead, the fintech views cross-selling products to customers as a strategy to expand its business and increase market share in the industry.

Contract closings decreased 1% from a month earlier to a 3.84 million annualized rate, according to figures released Wednesday from the National Association of Realtors.

The post-pandemic normalization of the housing market, economic factors and natural disasters, are contributing to the rise in late payments, ICE Mortgage Technology said.

The danger for the central bankers is that "they go too fast or too slow and that risk is higher now than it was six months ago," BofA Chief Executive Brian Moynihan said.

Recently polled banking professionals held that Vice President Kamala Harris is the likely front-runner for the White House, but former President Donald Trump would be better for the industry.

U.S. mortgage applications for both home purchases and refinancing dropped last week to the lowest levels since August, hobbled by a recent surge in mortgage rates.

The correspondent giant says it has over 4,400 approved brokers, and technology rivaling channel leaders Rocket Pro TPO and United Wholesale Mortgage.

A ban on screen scraping and new disclosures to consumers about data usage are among the new elements of the data protection rule.

A pair of mortgage technology providers are bringing out tools to increase customer retention rates among servicers and originators.