Originations

Despite the 10% jump in adjustable-rate mortgages, a decline in federally sponsored application volumes dragged overall numbers lower for the fifth time in six weeks, according to the Mortgage Bankers Association.

A report from the state's attorney general found Black and Latino households end up paying that combined amount more in origination fees, interest rates and other associated costs, in addition to seeing higher rates of loan denials.

The cost of properties nationwide rose by 0.6% from July, according to the Federal Housing Finance Agency's monthly index.

The financial institution will pay $350,000 in layoff expenses to leave a business beset by high rates and a crowded playing field relative to current demand.

Futurewave Finance was started by former FHLBank-Chicago executive Steve Thomas, as part of a personal mission to do more to help underprivileged communities.

"It's this tough market that's going to build the greatest leaders of our industry, which we will see come forward over the years to come," said the FHA's former commissioner.

First American Financial agreed to pay the New York Attorney General $4.5 million to resolve no-poaching agreement allegations; Old Republic, the first, paid just $1 million.

Even though it is less than two years since it allowed Fannie Mae and Freddie Mac to accept such valuations, it is difficult to evaluate their effectiveness without such examinations.

The company posted third-quarter profits of $194 million but gave no details about a potential split of its mortgage business.

For the first time in about 15 months, more new listings came on the market in August on a year-over-year basis, Redfin said.