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Lenders are focusing on these loans to drive new business as the refinancing market continues to decline in the face of higher interest rates.

Choices of which homes are used for comparisons play a major role in disparate home valuations for Black and white homeowners, according to studies recently released by the National Community Reinvestment Coalition and academic researchers.

Treasury Secretary Janet Yellen called October's positive inflation report in the U.S. "a good reading," but cautioned against relying too much on one data point.

The company's India office was not impacted by the recent layoff, sources say.

The non-qualified mortgage lender lost $13 million in the quarter, a slight improvement over the previous period.

The latest move from the lender comes after a recent purchase of a Massachusetts brokerage and the appointment of several new leaders.

Some of the biggest lenders to U.S. offices are weighing sales of loans on the properties as regulators heighten scrutiny on commercial real estate debt portfolios. 

If rights holders have to sell these assets because of the Ginnie Mae capital rule, it will increase rates for lower income consumers.

Amid scuttlebutt, the Atlanta company is mum on buyer, which is rumored to be CrossCountry Mortgage.

Although mortgage lending has been under pressure due to rising rates, executives said they've seen "consistent demand or even increasing demand from a depository perspective."

But costs are still elevated annually in double-digit ranges for 46% of markets, according to the National Association of Realtors.

The Federal Housing Finance Agency is reducing the amount lenders can sell to a government-sponsored enterprise by $3 billion next year.

The company experienced further declines in production volume but reported an intra-quarter improvement in its gain on the sale of loans.

But the likelihood of a recession and higher unemployment should drive the rate higher in the future, the Mortgage Bankers Association said.

Other firms disclosing cuts in Worker Adjustment and Retraining Notifications include American Advisors Group and Pennymac.

The Federal Reserve appeared closer to moderating aggressive interest rate increases after welcome news on inflation, with three officials backing a downshift even as they stressed that policy needs to stay tight.

Redfin Corp. is shuttering its iBuying business and laying off workers for the second time in almost five months, as the likelihood of a prolonged U.S. housing slowdown continues to ripple through the industry.

An inflation metric came in lower than expected, which caused the benchmark 10-year Treasury to drop well below the 4% mark.

But its tight lead indicates that originators are struggling to differentiate themselves from the competition J.D. Power's Craig Martin said.

Former employees say the New Jersey-based lender had its biggest reduction round yet, impacting close to a thousand positions.