To monitor the health of lenders still operating, industry watchers should observe firms' abilities to meet covenant requirements, renew warehouse lines of credits and their activity in the mortgage servicing rights market, said Brian Brown, chief financial officer at Rocket Companies.

In October, the company acquired Roscoe State Bank in Texas, which means employees are now working for a depository and therefore exempt under the SAFE Act.

In his first American Banker interview since becoming CEO two years ago, Thomas Cangemi talks about the company's transformation into a full-service commercial bank now that it has completed its twice-delayed acquisition of Flagstar Bancorp.

A special-purpose acquisition company is merging with a bank as its affiliated startup still lacks its own national bank charter.

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

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

On Nov. 29, Inlanta notified state officials it was terminating 62 employees contingent on its acquisition by a then-unnamed third party.

The $225 million deal has its roots in the creation of the mortgage technology company that currently owns the property information business.

Republican control of the U.S. House of Representatives will help advance financial services firms' priorities, with a wish list that includes curbing ambitious proposals by a top markets regulator and diminishing the clout of a popular U.S. consumer watchdog.

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