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The company will be restructuring its executive team as it prepares to go public, with the board looking for a new chairman and a new president.

The new offering’s loan structure is designed to hedge against digital currency's price volatility.

Modest reductions were made to the 2021 and 2022 outlooks, although the government-sponsored enterprise did boost purchase expectations for this year.

But a surge in purchases led overall mortgage volumes to a weekly gain and pushed average loan size to a new record.

The remaining 705,000 borrowers with pandemic-related payment suspensions may have complex or recent hardships to sort out, but the majority who had plans have exited them.

New U.S. home construction unexpectedly strengthened in December to the fastest pace in nine months, led by apartment projects and suggesting builders found some success navigating shortages of materials and labor.

The settlement is a reminder that officials who oversee the loan officer licensing system do actively police the fulfillment of professional requirements by loan officers.

Derek Flowers, a 24-year company veteran, will replace the retiring Amanda Norton. Flowers' familiarity with the megabank's operations will help as it continues working through regulatory consent orders, CEO Charlie Scharf said.

The equity commitment by M&G Investments adds to signs that the MSR market is heating up as mortgage rates rise and some buyers have become more confident in their prepayment rate projections.

While the normal holiday season pattern contributed to the December drop-off, potential buyers also need to make offers on multiple properties before winning a home, Redfin said.