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Borrowers gained an average of $34,300 in home equity since the third quarter of last year, but that's almost half the amount of growth recorded over the summer.

But that's largely because homes are staying on the market longer — almost three weeks more than in early summer on average.

Benefits under the Servicemembers Civil Relief Act were applied to fewer than 10% of auto loans for active-duty reserve members, the agency found. It urged financial institutions to ease the process for accessing the law's interest rate protections.

The depository joins other mortgage players small and large in exiting the space amid the market's significantly reduced activity.

In a report to Congress, the agency recommended sharing information with the Consumer Financial Protection Bureau, which also is looking more closely at servicemember mortgages.

A new state study suggests that mortgage lenders are putting up barriers to home ownership among people of color.

The acting comptroller of the currency said new CECL standards will help banks weather current economic uncertainty. He also touted the benefits of diversity in risk management.

Following peaking at 7.08% on Nov. 10, the 30-year fixed has come down three-quarters of a percentage point, Freddie Mac said.

Lenders added jumbo and adjustable rate mortgage products during November, both of which have had lower interest rates than conforming loans, the Mortgage Bankers Association said.

The California-based non-QM lender plans to continue onboarding "as many more Athas employees as [they] possibly can," the company's president said.

Despite a large annual increase, new foreclosure starts are still only near 80% of pre-pandemic levels.

The products are currently limited to a single distribution channel, but the company hasn't ruled out offering them through third-party originators in the future.

The deal will close for $10 million in cash, plus the right to purchase nearly 33.9 million shares of common stock.

The mortgage company, despite its nonpayment, still had its logo on a stock car and requested special access for its guests at an October race at Talladega Superspeedway in Alabama, the complaint said.

Shares picked up across all federal categories last week, but overall application volumes fell, dragged down by a cooling conventional purchase market, according to the Mortgage Bankers Association.

The company reported a net loss of $84.1 million in the third quarter and blamed the performance on interest rate hikes, inflation and supply chain woes.

Home prices, sales volumes, interest rates are expected to drop next year, researchers at the company forecasted.

After several years when the scandal-plagued bank was focused on cost cutting, CEO Charlie Scharf indicated Tuesday that the company has opportunities to expand revenue across every line of business.

Deterioration in credit quality should put strain on collateral originated in late 2021 and early 2022, affecting performance, Barclays Credit Research said.

The seed round was led by Conversion Capital and also includes backing from Blend, Zillow and Figure.