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More listings in Q2 added sales opportunities for LOs

But the 25 percentage point quarter-to-quarter gain does not change the fact that existing homes for sale remain scarce, the TrustEngine report found. https://www.nationalmortgagenews.com/news/more-listings-in-q2-added-sales-opportunities-for-los

Embattled PacWest to sell to Banc of California for $1B

Post-merger Banc of California will target "in-market relationship banking" by focusing on treasury management services and loan growth to boost "low-cost" commercial deposits, CEO Jared Wolff said. https://www.nationalmortgagenews.com/news/embattled-pacwest-to-sell-to-banc-of-california

UBS to pay $1.44B to settle DOJ mortgage-bond case

The matter stems from 2006 and 2007 and related to the issuance, underwriting and sale of the securities, UBS said in a statement Monday. https://www.nationalmortgagenews.com/articles/ubs-to-pay-1-44b-to-settle-doj-mortgage-bond-case