Origination

Higher interest rates helped drive down refinances by 87% and purchases by 42% compared to last year.

In October, the company acquired Roscoe State Bank in Texas, which means employees are now working for a depository and therefore exempt under the SAFE Act.

Increases in values were more likely to stick across the Central U.S, while pandemic boomtowns experienced the biggest declines in median housing costs, according to Realtor.com.

Prices were up by less than 9% year-over-year, according to CoreLogic's report.

The sleepy Federal Home Loan Bank System is under intense scrutiny as critics push for more oversight and increased affordable housing while supporters say the system works well for member banks.

The demographic of buyers between ages 25 to 41 also topped demand for repeat home purchases, a metric different from second-home and investor acquisitions.

House hunting activity also slowed in December, with home tours declining 69% from the start of the year, a Redfin report found.

NexBank will provide a line of credit of $200 million, $68 million lower than what it supplied in 2022.