Origination

The moves include switching a $300 million servicing rights facility from failed depository Signature Bank to Flagstar Bank.

Sluggish sales, high mortgage rates and the exit of iBuyers all contributed to the larger share of properties going for less than original purchase value last month.

Stronger than expected demand and home prices drove the latest forecast.

Revised guidelines permit playing two roles in an FHA transaction, but if its not properly set up, this arrangement can violate RESPA Section 8 legal experts say.

The numbers represented an annual surge of 56% after COVID-19 relief measures expired across most of the country

An index tracking the industry is up 28% so far this year coming off of one of its worst years since 2018.

A Consumer Financial Protection Bureau case against the lender involved is still pending and could have broader implications for compliance issues.

Other positions are being eliminated nationwide, with just 50 to 60 people remaining to manage the company's mortgage servicing rights.

The median selling price of a previously owned home clocked in at $375,700 in March. That's 0.9% below its year-ago level, marking the largest decline since 2012, data from the National Association of Realtors showed Thursday.

Uncertainty about the economy and inflation drove the increase