The buyer said the all-stock deal to buy The First Bancshares would create a combined bank with $25 billion of assets.

Third-party origination operations are also going to Mr. Cooper in the $1.4 billion deal, in which the seller cited interest in improving its capital position.

ACNB is acquiring Traditions Bancorp in an in-market deal where the latter's mortgage ops will add to its insurance and wealth management units.

The bank acquired these business purpose non-qualified mortgage loans originated by Civic Financial Services in the PacWest Bancorp deal.

Household borrowing from mortgages and other loans hit a record, outpacing inflation, a study shows.

As mortgage originations have declined, those looking to cash in their chips and get out of the game are helping others grow market share, serving to change up the dynamics within the field.

But despite increasing anxiety over rising costs, an overall majority of consumers also express optimism about their own improving financial prospects in the upcoming year, according to Transunion.

Following the closing of the transaction in the third quarter, Michael Isaacs, the CEO of GO Mortgage, will take the helm of the combined company.

The two mortgage consultancy firms touted services that complement each other and will transition to a single brand name in the coming months.

This is the fourth transaction EasyKnock has made of home equity alternative providers since the start of 2023.