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The slight increase was the first seen since May 2020, according to the Federal Housing Finance Agency's July report on the performance of loans backed by the government sponsored enterprises it oversees.

The introduction of utility, cable and telco payment information follows noticeable growth in the past year toward the inclusion of rental history in underwriting.

The company, which is undertaking a substantial cost-cutting reorganization and laying off thousands, also announced pay raises last month for at least two executives.

The high interest rate environment is causing repeat buyers to pull back from the market, creating ample space for entry borrowers to purchase a home.

Origination activity dropped quarter-to-quarter by more than prior industry estimates, however.

Consumer and business confidence is already under immense pressure from the rising cost of living, at the same time that equity, bond and real estate prices are falling.

The West Coast and across the Rocky Mountain region are the most vulnerable to price declines in the coming months as both sellers and buyers readjust their expectations.

Loan officers say that the platform discourages them from originating loans.

President Joe Biden's White House engaged in mathematical gymnastics on Thursday to draw some positive news out of an otherwise gloomy inflation report — one of the last that voters will see before they decide control of Congress in November.

Sandra Thompson said millennials entering the homebuying market are used to immediacy and more must be done to streamline the homebuying process