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The Latest: National Mortgage News | Mortgage Industry News & Analysis | National Mortgage News

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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.

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The nation's affordable-housing shortage is leading lenders to securitize portfolios of multifamily mortgages to free up capital for new loans.

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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.

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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.

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The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.

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