Originations

The new technology expands the capabilities of automation used to obtain digital transcript information from self-employed borrowers.

The turnaround was due to a $42 million positive servicing mark. Even with the operating loss, it beat estimates.

But a Zillow economist argues that there's plenty of evidence suggesting strong GDP and job growth had more to do with the increase than what Fitch did.

Consumer advocates are protesting specific risk-weighting changes affecting borrowers with lower down payments. Also, a broader increase in requirements may discourage depository holdings of servicing.

All of the company's fair value gains in its portfolio during the quarter were wiped out by a larger loss from hedging activities.

There's divergence of opinions between one more rate hike this cycle and no further actions.

Renovations, already the leading use for these borrowings, increased their share to nearly two-thirds of the products' market, the Mortgage Bankers Association said.

The 30-year fixed, which was threatening going above 7% again according to Freddie Mac data, was 18 basis points lower this week.

However, both Zillow's and Optimal Blue put the 30-year fixed mortgage lower than where it was seven days prior.

The Mortgage Bankers Association attributes this to muted demand for home purchases and companies trimming their operations.