Mortgages

Trump's return to the White House is reviving the prospect of preferred stockholders getting some money back after the U.S. took control of the agencies during the 2008 financial crisis to keep the housing market from collapsing.

Refinance applications fell by almost 50% in the past four weeks, part of a greater slide since the last Federal Reserve interest rate cut.

Loandepot rolled out Project North Star, an initiative designed to position the company as "the leading lending partner of choice for homeowners."

Over the next decade, the housing market will have excess demand of 25 million units even as the baby boomer generation ages and dies, the Mortgage Bankers Association said.

The incentive, meant to ramp up activity in Rocket's broker channel, is valid from Nov. 5 to Nov. 17.

Low supply and production volumes, though, have left values competitive, with two segments in particular holding promise for favorable returns, a new report said.

The company formerly known as Ocwen improved results on several fronts even though a secondary market price change reduced origination profits in one channel.

Even as home equity withdrawals hit a two-year high, utilization rate remained less than half of normal, ICE Mortgage Technology said.

The joint venture with Smith Douglas Homes will expand Loandepot's market presence in states including Georgia, Alabama and Texas.

Flueid, which provides verification of title services, has raised $8.3 million of new capital, with lead investor LiveOak Ventures along with Gilbert's Detroit Venture Partners.