Originations

While loan consolidation is a priority for many who consider home-equity products, a third of those with other debts aren't comfortable taking out a second lien on their homes.

The introduction of utility, cable and telco payment information follows noticeable growth in the past year toward the inclusion of rental history in underwriting.

The company, which is undertaking a substantial cost-cutting reorganization and laying off thousands, also announced pay raises last month for at least two executives.

The high interest rate environment is causing repeat buyers to pull back from the market, creating ample space for entry borrowers to purchase a home.

Origination activity dropped quarter-to-quarter by more than prior industry estimates, however.

The letter, sent under the banner of the Black Homeownership Coalition, is the second in two months sent by the trade group in its ongoing campaign.

Altogether, the lender has reduced funding capacity by over $900 million in the past month.

Following the Consumer Price Index release, the 10-year Treasury yield broke through 4%, making continued increases likely.

And a trio of large publicly traded nonbank lenders looking to defend market share may consider buying those mid-sized brethren, a Keefe, Bruyette & Woods report said.

Their summer gains come as home price growth begins to slip and reverse mortgage volumes hit a two-and-a-half year low in September.