Originations

There's divergence of opinions between one more rate hike this cycle and no further actions.

Renovations, already the leading use for these borrowings, increased their share to nearly two-thirds of the products' market, the Mortgage Bankers Association said.

The decline occurred even as interest rates held steady, but average loan amounts shot up due to a heightened slowdown of federally sponsored activity, the Mortgage Bankers Association said.

The Mortgage Cadence's pipeline of potential customers has shifted from "niche players" to primarily nonbank lenders, Executive Vice President Joe Camerieri said.

In the Pacific region and Mountain states recorded real estate value drops compared to last year, the Federal Housing Finance Agency found.

Overall sentiment in the segment shows 30% of businesses expect market conditions to become more favorable for them over the next six months, while 26% said they would get worse, according to a new study.

Buying Sculptor Capital Management could lead the real estate investment trust to explore an offering for the origination and servicing business in the near to mid-term, BTIG said.

Borrowers in the $1.4 billion Marcus portfolio could be mined for first-time home buyer leads, a BTIG report speculated.

The proposed legislation would automate access to information and require faster responses to requests for title status that have been a longstanding concern.

The company continues to retrench and refocus as it looks to become profitable from its original aims after it first became public in July 2021.