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Harvard University housing experts anticipate home improvement spending to rise in the next 12 months.

Underlying borrowers have accumulated significant amount of home equity in their homes, to a weighted average (WA) original cumulative loan-to-value (CLTV) ratio of 69.5%.

Housing starts decreased 0.5% last month to a 1.35 million annualized rate, according to government data released Friday, after a big rebound in August.

The Cincinnati-based bank aimed for consistency in the third quarter as it built on strategic initiatives. Executives expect "record" net interest income next year.

The company expects that a previously announced sale of its residential mortgage servicing business will reduce its workforce by an additional 1,200 employees when the transaction is completed this quarter.

The strategic investment in the shared appreciation platform comes after capital raises at similar businesses last month.

Mortgage stakeholders spent $6.7 million on lobbying this year, down from $12 million in 2022.

Fannie Mae didn't change its estimate for total originations this year.

Losses related to natural disasters and other perils rose for the seventh year, and that costs both insurers and consumers more money, LexisNexis said.

The Dallas bank has spent the last three years building itself into a new company. Now, it has to prove the investments will pay off.