Originations

With home improvement spending up, more mortgage bankers are building out teams to capture the market.

While most agree texting is essential, are more traditional methods, like direct mail, still necessary post-COVID?

The company also let go of staff in its Chicago-area office, with one account estimating "hundreds of employees" lost their jobs there.

Sales of new U.S. homes edged up in October, reflecting stabilizing demand even as builders face supply-chain disruptions and buyers grapple with rising prices.

Purchase and refinance numbers both came in higher, while average loan sizes also recorded an uptick.

But in November, home buyer demand reached its highest level since RedFin began compiling the data in 2017.

However, capacity issues, the suspension of the government-sponsored enterprise purchase caps and higher conforming limits all could affect activity, KBRA said.

Once the news of the delayed sale was announced, the mortgage wholesaler opened trading on Nov. 17 at $1.17 per share higher than its previous close.

The likelihood that inflation remains above the Fed's 2% target contributed to the government-sponsored agency’s decision to dial back its 2022 outlook.

Fed moves, inflation and retail sales applied upward pressure, contributing to the increase.