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Fitch downgrades two nonbank residential mortgage lenders.
Joins loanDepot in reducing capacity by around $1billion.
Home Point Financial executive says rate battle "not sustainable"
Nation’s third-largest wholesale lender has filed notices totaling 913 layoffs by Nov. 1, but there could be more.
Mortgage lenders are the latest to abruptly shut down.
Reduced mortgage price also designed to increase access to housing and mortgage brokers.
