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The 25% reduction of its workforce comes as it posts $478 million Q2 loss.

The temporary buydowns will lower borrowers’ interest rates by up to 2% for the first two years of a mortgage. 

Down 14.4% in July from a year earlier, declining home sales are a symptom a cooling housing market.

Greg Griffin comes from Guaranteed Rate, where he was a senior VP.

MBA economist says purchase activity may pick up if mortgage rates continue to move lower.

Shifting product focus to enhance borrower options.