LoanDepot revamps leadership as it fights steering allegations
Since returning in July as CEO of the company he founded, Anthony Hsieh has cleaned house, hiring or promoting 10 executives who can help take loanDepot 'back to our roots'
by Matt Carter Oct 14
Doug Lebda
Doug Lebda founded LendingTree in 1996 to simplify consumers' mortgage loan search. He led the company through several busts and booms, growing its market value to more than $750M
by Marian McPherson Oct 13
Equifax cuts VantageScore 4.0 mortgage credit scores to $4.50
Once Fannie Mae and Freddie Mac are ready to start accepting VantageScore 4.0, the algorithm will go head-to-head with the less inclusive FICO Classic score for conforming loans
by Matt Carter Oct 10
Feds charge Trump nemesis Letitia James with bank fraud
James calls allegations over $109,600 mortgage baseless retribution and a 'continuation of the president’s desperate weaponization of our justice system'
by Matt Carter Oct 9
Shutdown slowing FHA, VA approvals; USDA loans are on hold
The FHA's Office of Single Family Housing and some of its mortgage insurance programs are 'operational but with limited services,' HUD said in bulletin to lenders
by Matt Carter Oct 8
Fannie, Freddie close NY offices as Trump battles Letitia James
The Trump administration is using its tight control over the mortgage giants to continue a vendetta against New York attorney general and other political opponents, critics say
by Matt Carter Oct 6
Trump's Fannie, Freddie public offering might not have much impact on mortgage rates
If the US maintains tight control over the mortgage giants with 'implicit guarantee' of their obligations, rates might rise by 1/5 of a percentage point, Stanford researchers say
by Matt Carter Oct 3
Credit bureaus slam plan to cut them out of FICO score pricing
Lending industry groups and FHFA director Bill Pulte welcomed Fair Isaac's new direct license pricing as a useful first step, but said more reforms and competition are needed
by Matt Carter Oct 2
Government shutdown could bring mortgage rates down
Investors seeking safety in bonds and mortgage-backed securities can bring rates down. Yields on 10-year Treasurys fell 4 basis points on first day of shutdown
by Matt Carter Oct 1
Federal Reserve Governor Lisa Cook speaks with Fed Chair Jerome Powell at a June 25, 2025 open meeting at the Federal Reserve Board building in Washington, D.C.
The legal battle over the Fed's independence will drag into next year, with the Supreme Court to hear oral arguments in January on the Trump administration's bid to fire Cook
by Matt Carter Oct 1
Rocket Companies CEO Varun Krishna and Mr. Cooper Chair and CEO Jay Bray.
Rocket Companies has closed its acquisition of mortgage servicer Mr. Cooper for $14.2B. The final price is 51% higher than the initial offer of $9.4B
by Marian McPherson Oct 1
AI for real estate
The 'Transparent Owner' tool is becoming available as the Financial Crimes Enforcement Network, or FinCEN, prepares to crack down on money laundering in residential real estate
by Matt Carter Sep 30
Better Mortgage seizes the day on Wall Street with $75M raise
The goal is to maximize 2 new partnerships and 4X Better's monthly mortgage originations to $2B. The raise follows bullish endorsement by activist Opendoor investor Eric Jackson
by Matt Carter Sep 29
Is the mortgage lock-in effect ending? These numbers offer clues
The share of mortgaged homeowners with rates of at least 6 percent has risen to nearly 20 percent, Redfin said, signaling the potential end of a years-long 'lock-in effect'
by Marian McPherson Sep 29
Democrats seek transparency into Fannie, Freddie 'reprivatization'
The Trump administration has assured industry groups that a stable housing finance system and low mortgage rates are a 'North Star' in their plans, but Dems complain they've been shut out
by Matt Carter Sep 26
How a government shutdown would affect real estate agents
The National Flood Insurance Program is set to lapse on Sept. 30, and federal agencies critical to processing mortgage paperwork like HUD, FHA, VA, USDA and the IRS face staff reductions
by Matt Carter Sep 25