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The share of borrowers who owe no more than half of the property's market value increased to 48.5% last quarter, according to Attom, a real estate data firm.

A typical entry-level purchaser was 36 this year, three years older than in 2021, data from the National Association of Realtors released Thursday showed.

These associations contribute some relatively affordable housing to a pricey market, but key mortgage stakeholders have tightened criteria in the wake of a building collapse that highlighted the sector's particular risks.

The firms trimming payroll include lenders, a mortgage insurance giant, an iBuyer and an online notarization software provider.

A growing number of economists and lawmakers think the Fed has gone too far in its battle against inflation. Powell is worried it hasn't gone far enough.

Servicing numbers propelled the REIT to the positive third-quarter result, while the company also announced it had acquired a stake in a commercial real estate investment firm.

The 60-person group, headed by Marc Wadman, originates loans in Colorado, Georgia, Kansas, Louisiana, Missouri, South Carolina and Texas.

Federal Reserve officials signaled their aggressive campaign to curb inflation could be entering its final phase even as they delivered their fourth straight 75 basis-point interest-rate increase.

Opendoor Technologies Inc. is laying off about 550 employees after higher mortgage rates cratered U.S. housing demand.

The platform allows homeowners to pay for their mortgage and recommends other home services of value.