Origination

Surging interest rates have pushed refinance applications down by over 70% in a year, while ARMs have doubled their share in three months.

The lender is the latest to announce cuts in response to declining production volume.

While housing costs continued to set records, several signs of moderation have begun to appear in the last several weeks, according to Redfin.

As the National Flood Insurance Program goes into effect this month, more than 80 percent of existing policyholders are set to see rates climb and those gains will be spread largely evenly among rich and poor areas, according to a new report.

Founder and largest shareholder Anthony Hsieh will now direct strategy as executive chairman.

But the consumer credit reporting agency’s adjusted results slightly exceeded consensus estimates from analysts.

The steep ascent in borrowing costs, combined with high home prices across markets, is sidelining more prospective buyers.

If each employee who received this deal accepts it, the company’s headcount will be reduced by about 2,080.

But the amount relative to housing costs actually decreased from the previous year.

Recent affordability and interest rate trends led to “clear evidence” of discouragement among potential consumers in the purchase market in the first three months of 2022, according to the National Association of Home Builders.