Origination

The closure of its nationwide retail business — which followed the shuttering of its consumer direct business in Q2 — pushed the Florida bank into a $1.4 million loss for the most recent quarter.

The $93 million deal comes one year after Cavco, a manufactured housing construction company itself, completed the purchase of another builder, The Commodore Corp.

About half of the Texas-based lenders' offices are transitioning to American Pacific Mortgage, according to a source.

U.S. pending home sales sank last month by the most since the immediate aftermath of the pandemic, illustrating a swift and steep downturn for a housing market beset by soaring borrowing costs.

Just because regulators have not initiated any enforcement actions since 2014 doesn't mean they aren't watching.

New York-based broker platform Prevu currently offers buying and selling services in the Northeast, Texas and the West Coast.

The collapse in U.S. home construction during the third quarter took its biggest chunk from gross domestic product in nearly 15 years as surging mortgage rates dealt a hammer blow to demand.

But the static weekly data in the Freddie Mac survey does not accurately portray the volatility in the market in recent days.

Purchases of new single-family homes decreased 10.9% to a 603,000 annualized pace following an unexpected gain in August, government data showed Wednesday.