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Consumer delinquencies Vantagescore tracked during November generally were above pre-pandemic levels as shopping season began. Mortgages remained the exception.

Federal Reserve officials point to overnight reverse repurchase agreement activity as an indication of excess liquidity, which the central bank is working to reduce. But some analysts say that excess liquidity may be drying up faster than expected, with important implications for banks.

But this week the 30-year fixed rate mortgage average increased for the first time in two months.

Timeless Funding LLC alleges the trouble stricken mortgage lender borrowed over $300,000 and hasn't paid the full amount back. The company wants to recover close to $200,000.

Manhattan home prices rose for the first time in more than a year, as surging high-end sales propelled the market and lower mortgage rates set the stage for a broader recovery in 2024.

But home financing professionals are still expecting high interest rates, natural disasters and recurring stressors like repurchases to affect their bottom lines in 2024.

The online real estate and mortgage company alleges the defendants are violating the Sherman Antitrust Act by impeding a scheduling platform it owns.

The North Carolina-based company said it expects to close about 4% of its branch network, or roughly 80 offices, by the end of the first quarter. The closures come amid Truist's $750 million cost-cutting initiative.

The former chairman of Ocwen and once-related Altisource businesses is filling the role vacated last year by Jason Kopcak and then interim CEO Danya Sawyer.

The end-of-year slowdown comes after a recent fall surge, but overall activity still finished 6% below late 2022 levels, according to the Mortgage Bankers Association.