Origination

During 2022, the lender, which had a little over 300 employees, reduced its headcount by about 10%.

The title insurer was the third of the big four companies to come to an agreement with New York Attorney General Letitia James in an ongoing investigation.

Purchase applications increased again, but changes in home prices and interest rates are bringing only limited affordability relief.

The National Association of Realtors' index of contract signings to purchase previously owned homes increased 0.8% last month to 83.2.

Convicted former MBA Chairman Ron McCord and his Oklahoma-based company settled CapLoc's allegations that they put fraudulent loans on a funding line.

If the proposal goes into effect, lenders and servicers will have to provide more detailed information about the makeup of their organization, as well as any incidents that are impacting their financial wherewithal.

Lenders had started tightening as early as the fourth quarter in anticipation of a possible recession. Now, the banking crisis is driving community and regional banks in particular to hit the brakes harder, stoking renewed recessions fears.

The related rewards are targeted to both new homebuyers and existing mortgage servicing clients.