Origination

LendingTree participants made 11 fixed-rate mortgage offers for every one ARM in the first half of 2022. Last year it was a 41-to-1 ratio.

As soaring inflation and turbulence in public equities weigh on private markets, cash-hungry startups have raised capital through convertible notes, in part because they delay the need to lock in a fresh valuation.

At the same time, homes bought with FHA-backed loans accounted for the smallest share since 2007, according to an Attom sales report.

Net interest income was the driver, as increases from investments more than offset a decline related to its guaranty book of business.

The deal also includes the Homefacts website

The decline was driven by a $307M provision to cover potential credit losses, primarily from its single-family business.

Investors had largely factored in an anticipated increase in the federal funds rate, but latest GDP numbers could result in more volatility.

Analysts say draining reserves from the banking system will reach a practical limit in the first quarter.

New American Funding scored the highest among eligible companies in this year's substantially redesigned measurement of customer satisfaction.

Average purchase sizes have also fallen by almost 11% after reaching a record high this spring.