Borrowers with lower credit scores accounted for a greater share of loan volume in December 2014 than they did in December 2012,
The segment that experienced the biggest increase was borrowers with FICO scores between 621 and 659. The share of volume for borrowers with scores between 700 and 749, as well as the segment with scores below 620, remained relatively unchanged.
Even as home equity withdrawals hit a two-year high, utilization rate remained less than half of normal, ICE Mortgage Technology said.
Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.
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.
Mortgage professionals are focusing on housing policies and the Federal Reserve this November.
Esusu, Foyer, Divvy Homes and Tomo Mortgage are among the fintechs trying to give first-time homebuyers a break, alongside community development financial institutions like Southern Bancorp.
