Origination

First Foundation will use the large investment to shrink its multifamily loan portfolio, which has weighed down its earnings since interest rates began rising.

The simplified name comes following the company's introduction of several new apps and initiatives over the past several months, as mortgage businesses look to establish relationships with future customers.

Year-over-year home price growth was at its slowest pace since October, Corelogic's Home Price Index report said.

Buyers can expect a quiet market moving into July. Despite an uptick in new listings, a report on data from June said contract volume is still behind historical norms.

Out of the 275 basis points received on a loan, NEXA says 220 will go to its LOs and 55 will go to an expense account. To stay in the program, you must recruit at least one loan officer to join the company.

Lennar's ratings were cut by analysts at both Citigroup and Raymond James, while the former also dropped their views on D.R. Horton.

Home sales with mortgages rose from a year ago by a larger percentage, 15.1%, than those conducted in cash, which increased 10.6%.

Nearly one-quarter of borrowers now have a rate above 5% as households in this category grow and the number with rock-bottom financing costs slowly recedes.

However, a significant minority, more than one-in-10, stated although they want to buy, they will never be able to afford to do so, Insurify found.