Origination

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

Contract closings decreased 2.4% last month to an annualized pace of 4.44 million after an outsize jump in February, according to data released Thursday by the National Association of Realtors.

The proposed legislation proposes to amend the Fair Credit Reporting Act to prohibit the creation and sale of contacts used for marketing.

The U.S. economy stalled in recent weeks, with hiring and inflation slowing and access to credit narrowing, the Federal Reserve said in its survey of regional business contacts.

Economic turbulence affected borrowers during the quarter and will likely impact their ability to refinance maturing loans, the Mortgage Bankers Association said.

Home loan applications dropped for the second time in three weeks, with the 30-year conforming interest rate ticking up 13 basis points, according to data from the Mortgage Bankers Association.

Mortgage lender's brokerage spinoff launches with more than 50 carriers.