Origination

The market could find out next year how well foreclosure prevention innovations and home equity protect borrowers from growing strains on affordability.

Sun Belt cities saw the greatest annual decline in transactions over the third quarter, with Atlanta's number down to half of its level at the same time in 2022, Redfin said.

All of the loans were originated by CrossCountry Mortgage, which previously had a relationship for this product with Starwood.

Broader economic factors, including growing household debt, are also likely to keep the housing market stagnant, Freddie Mac said.

Its strong balance sheet opens up opportunities for the mortgage lender to bring more companies under its helm, executives during the earnings call said.

WeWork, once valued at $47 billion, needs to slash costs and shore up its finances as it tries to continue operating.

The firm says the product can save companies in excess of 30% of their existing cost structure.

The former investment type added to net earnings, but a tough market hurt some sectors of it during a quarter in which the company experienced mixed success with M&A attempts.

The Federal Housing Finance Agency says it wants to more closely tether Federal Home Loan bank advances to housing and community development. Doing so will first involve clearly defining the banks' mission through regulation.

Earnings benefited from low delinquencies and slow prepayment speeds, but high rates will limit growth opportunities.