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Firms that had ratings cut included M&T Bank, Webster Financial, BOK Financial, Old National Bancorp, Pinnacle Financial Partners and Fulton Financial.

The cohort is outperforming the broader market — up more than 50% year-to-date versus the S&P 500's 18% gain. 

The number of loan officers sponsored by the company has dipped by more than half to 169 originators from June to July, per NMLS. More are said to be leaving.

Denver-based Proprietary Capital, who offers a platform for institutional investors seeking returns from mortgage-related assets, agreed to purchase the New Jersey-based lender as it seeks to increase the number of opportunities it offers.

The real estate investment trust declined to comment on its bid to buy Western Asset Mortgage Capital, a company that received a sweetened competing offer from Terra Property Trust last week.

Negotiations are ongoing, but the legal move ends the restraining order trial in federal court scheduled for Aug. 14.

Lenders including Goldman Sachs Group Inc. and JPMorgan Chase & Co. have been trying to sell debt backed by offices, hotels and even apartments in recent months, but many are finding that tidying up loan books is no easy feat when concerns about commercial real estate have surged.

Lender Toolkit provides services to support ICE Mortgage Technology's Encompass platform, along with artificial intelligence software.

Radian and MGIC grabbed a larger portion of new insurance written during the period while maintaining pricing discipline.

The new technology expands the capabilities of automation used to obtain digital transcript information from self-employed borrowers.