Origination

The new all-in-one brokerage aims to avoid the "one-size-fits-all approach,"Rocket Homes CEO Doug Seabolt said.

The companies are investing more in government-insured equity withdrawal products for borrowers ages 62 and up, which offer higher returns.

Shrinking gain-on-sale margins also ate into earnings, with growth expected to slow for the rest of 2021.

A jump in jumbo loan programs was countered by lenders dropping high loan-to-value conforming products.

The average was up from 2.77% last week and the highest since July 15, Freddie Mac said Thursday.

The median price of an existing single-family home jumped 23% from a year earlier to an all-time high of $357,900, the National Association of Realtors said in a report Thursday.

The expanded credit access in its automated mortgage decisioning goes into effect in mid September.

Refinancing volume rose to its highest point since February, as borrowers benefited from low interest rates.

Trends on loans 90 days or more late on their payments reinforce other indicators showing the pandemic-driven growth in late payments is moderating, according to a new CoreLogic report.

The company attributed its second quarter loss to competitive pricing pressures and GSE-imposed charges.