Mortgages

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%.

About 48% of mortgaged residential properties fell into the equity-rich category, slightly down from a peak of 49.2% reported in the quarter prior, per Attom's report.

If customers perceive they are dealing with a scripted chatbot, they are likely to be less satisfied with their mortgage servicer, J.D. Power said.

The real estate investment trust and correspondent lender also anticipates improved subservicing costs due to a larger trend in the mortgage market.

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

Price tags for the industry leaders' homes either stayed the same or declined from the same time a year ago.

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