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MBA says rate volatility will be with us for a while.

Year-over-year total lock volume fell 60.4% in October.

The company originated more than $1 billion in mortgages in 2020 and 2021.

Online real estate data company beat expectations but expects continued challenges into next year.

The decision was announced by CEO and Co-founder Eric Wu in a blog post.

Company was founded in 2015; number of affected employees not known.

Nearly 50% of mortgaged residential properties in the nation are equity-rich.