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Overall application activity was down by more than 40% compared with one year ago, the Mortgage Bankers Association found.

Changing consumer expectations, new workplace realities and increasing demand for third-party access to data are pushing companies to re-invent cybersecurity's role for the future.

Some businesses have closed lending channels or exited the market, while at least one has declared bankruptcy.

More company leaders have resigned as Better.com continues to pursue new executives in an attempt to fix its internal culture.

The move takes on heightened importance given Mr. Cooper’s recent purchase of a 20% stake in Sagent, which suggests companies handling mortgage payments are relying more on automation to be competitive.

The total percentage of loans that were not delinquent or in foreclosure rose slightly to 94.91% in January.

Rising interest rates are likely to further slow the rate of appreciation, the Federal Housing Finance Agency said in its quarterly Home Price Index report.

The complaint seeks unspecified damages over the bank’s mortgage origination and underwriting practices, alleging minority homebuyers were excluded from affordable, low-risk loans.

Federal Reserve Governor Michelle Bowman suggested that a half percentage-point increase in interest rates could be on the table next month if incoming readings on inflation come in too high.

Third-party originators could help government-related agencies surmount some of the hurdles facing borrowers if they had more access to lending programs, said Linda McCoy, president of an industry trade group.