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The Keystone State's housing finance agency will take over distribution of the federal aid following news reports that alleged the response times of the vendor handling payments have been excessively slow.

Despite lower interest rates, both purchases and refinances declined after recent surges, while average loan amounts have gradually crept up to start the year.

The latest quarterly numbers from TransUnion show both closed end products and HELOCs rose over the course of the past year as mortgage originations fell.

Although housing values have noticeably flattened in recent months, the share of buyers expecting the search for a new residence to become harder grew, according to the National Association of Home Builders.

The Long Island company is closing 69% of the retail home lending offices previously operated by Flagstar Bancorp. New York Community recently acquired Flagstar for $2.6 billion.

Sens. Elizabeth Warren, D-Mass.,  Roger Marshall,  R-Kan., and John Kennedy, R-La., asked Silvergate if the bank knew about FTX's alleged misuse of customer funds.

The relief previously only available to people with COVID-19 hardships has been opened up to all borrowers with imminent defaults, including non-occupants.

Prices also fell roughly 0.3% in November from a month before, according to a seasonally adjusted data of national prices from S&P CoreLogic Case-Shiller.

After Greg Tornquist's retirement, he shared the job with Rob Lux, who is staying onboard as the subservicer's COO.

Also, Finance of America, SimpleNexus alums find new homes, and Supreme Lending lands leading mortgage technology expert.