There were more losers than winners on the Mortgage Industry Equity Composite on Tuesday, 10 to seven. However,
Technology provider Ellie Mae gained 3.47%, while Fiserv gained just 0.44%,
The stock with the largest percentage loss from
Commercial lender NorthStar Realty Finance priced a 35 million public offering of common stock at $9.60 per share on Tuesday morning. It had closed Monday at $9.89 per share.
NorthStar ended Tuesday at $9.57 per share.
The effective tax rate, measuring taxes relative to home prices, also increased to its highest mark in five years, according to Attom's analysis.
The California-based lender announced Wednesday the addition of One Goal Mortgage, a branch serving the Omaha, Nebraska, metro area and Southwest Iowa.
Better is focusing on its U.S. mortgage unit, which reported higher-than-expected preliminary loan volumes and priced a stock offering.
A new Basel III proposal offers mixed results for warehouse lending, with some risk-weight relief for banks but tougher terms that could crimp credit availability for nonbank mortgage lenders.
Roughly a third of homeowners with a mortgage rate less than 6% would not give up their rate for any reason, according to a survey of 1,000 mortgage holders.
In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
