Originations

As it gets ready for more competition from VantageScore, the company also did not comment on reports of yet another impending price hike.

The capital markets platform will allow its investor clients to compare non-qualified mortgage rate sheets to their competitors for free.

A trade group's estimates point to another quarter of profitability in housing finance, but originations have limits and loan performance is under pressure.

Over 100 originators have returned to Loandepot's retail channel. The mortgage shop is also planning to beef up its VA lending segment with a new hire.

Three-fourths of jumbo borrowers are hanging onto mortgage rates at or below 4%.

While the recent upward movement has dampened borrowing activity, housing researchers reported encouraging signs for business this fall.

Sales of new single-family homes increased 4.1% last month to a 738,000 annualized rate, government figures showed Thursday.

While recent homeowners overwhelmingly support digital innovation that leads to faster, streamlined transactions, AI is "still not a trusted system for many borrowers," Cloudvirga said.

Contract closings decreased 1% from a month earlier to a 3.84 million annualized rate, according to figures released Wednesday from the National Association of Realtors.

U.S. mortgage applications for both home purchases and refinancing dropped last week to the lowest levels since August, hobbled by a recent surge in mortgage rates.