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Mortgage rates at 7-month high, lack of listings sidelining homebuyers.

Tim Smith named chief strategy officer; Craig Austin promoted to chief revenue officer.

Both 30-year and 15-year fixed rates rose more than 20 basis points.

Adds more than 20 branches licensed in 50 states.

Legal expert questions whether agency has authority to implement the program.

Realtor.com report says home-price growth slowed to 0.9% year-over-year, as inventory growth slowed for third straight month.

Total residential loans drops nearly 20% as just 1.25m loans were originated.

Deal expected to close in fourth quarter of this year.

Redfin report finds investors pumped the brakes due to high mortgage rates, low inventory.