As part of a strategy pivot, top 10 title underwriter Doma announced it would license its instant underwriting software to other firms.
Fannie Mae will not submit plans for a title waiver pilot program to the FHFA as part of its Equitable Housing Finance Plan.
Purchase lending continues to account for 88% of total lock activity; purchase lock counts are down 27% year over year.
The Fed recently announced yet another interest rate hike, making borrowing more expensive and the idea of purchasing a new home out of reach.