Origination

The tax delinquency rate hit a seven-year high last year with residents of some states seeing amounts owed increasing by more than 50% since 2019.

Blend Labs had 23 new or expanded relationships in the fiscal period, double that of the first quarter, including 18 related to consumer banking or home equity.

The shake-up comes as the company posted its third straight quarter of losses and seeks to develop new technologies and partnerships while putting behind its tumultuous recent past.

Both originations and servicing segments contributed to the second-quarter's positive numbers, with production up by over 14% year over year.

The suit accuses Wells Fargo of digital redlining via its proprietary underwriting system from 2018 to 2022.

July's surprising jobs report helped drive Treasury yields and corresponding rates lower, opening up a window of opportunity for borrowers to capitalize.

In the second quarter, the nation's largest originator funded $39.7 billion in mortgages, including $27.3 billion in purchase loans.

The company, which is projecting adjusted EBITDA profit next fall, saw its Neo Home Loans arm more than double its production from the first quarter.

From warehouse offerings from a subservicer to a development willing to take crypto for purchases, these firms are looking to fill holes in the market.

MBA urges GSEs to drop tri-merge credit rule, calling it outdated and costly as FHFA weighs broader credit reporting and scoring reforms.