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However, the downturn will be brief and housing will lead the way out, the government-sponsored enterprise concluded.

While mass firings abound, the employment situation is not moribund for those with certain skills sets in demand.

The $225 million deal has its roots in the creation of the mortgage technology company that currently owns the property information business.

A trade group expert called this "sobering news," given that the third quarter is generally the strongest of the year for the industry.

Scores will be assigned to all loan pools created since 2010, including future securitizations, and are expected to help investors determine the share of mortgages meeting specific characteristics.

A Fannie Mae survey says 36% get only one quote, while a separate Zillow study found 72% don't plan to look for options.

Contract closings decreased 5.9% to an annualized pace of 4.43 million last month, according to the National Association of Realtors

Also, LoanLogics sees changes at the top, the Mortgage Bankers Association promotes three and Synergy One, Falcon Capital name general counsels.

But an executive at the mortgage company's corporate parent feels the agency, which is facing a court challenge to its funding, is engaging in regulatory overreach.

The decline in loan activity and softening prices also helped drive down builder sentiment for the 11th month in a row.