PHH Corp. had the largest percentage loss among Mortgage Industry Equity Composite stocks on Monday. The company said it is
PHH closed 1.28% lower, followed by Fidelity National Financial, down 0.75%, and Bank of Hawaii, down 0.43%.
Meanwhile, 11 MIEC stocks closed higher, led by KB Home, up 1.69%. Radian was up 1.52% and CoreLogic was up 1.23%.
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.
A United Wholesale Mortgage executive stepped in to defend a claim against the company, as consumers pelt the industry with more spam call complaints.
Adam Boyd, a veteran financial services executive with more than 25 years of experience, will head the growth of Rate's consumer lending platform.
Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.
Mike Kortas will be adding a separate mortgage servicing company and hiring NEXA loan officers to assist with the process and give them customer insights.
