Evergreen Home Loans pursuing national expansion strategy
Bellevue, Washington-based Evergreen hires Wells Fargo and Bank of America veteran Andrew Leff as head of national business development and continues to expand beyond its regional roots
by Matt Carter May 5
Fannie, Freddie regulator issues dozens of orders out of public eye
FHFA Director Bill Pulte tells 'crypto influencer' he's signed more than 80 orders revamping policies and procedures at the mortgage giants, only 12 of which have been made public
by Matt Carter May 2
Shrinking economy bolsters the case for a June Fed rate cut
Advance GDP reading suggests the economy shrank by 0.3% during Q1, as a rush by businesses to import goods before tariffs took hold and government spending cuts dented growth
by Matt Carter Apr 30
UWM expands its Rocket rivalry into mortgage loan servicing
Long-term agreement with ICE Mortgage Technology will help nation's largest mortgage lender bring $242B loan servicing portfolio in-house, boost repeat business and referrals
by Matt Carter Apr 30
Fannie Mae forecasting higher 2025 inflation, slower growth
Slowing economy could also help bring mortgage rates down to Earth more rapidly, with the latest forecast predicting rates will drop to 6.2% by the end of this year and to 6% next year
by Matt Carter Apr 30
Mortgage rates ease as economic data flashes recession warning
Consumer confidence sank to a 5-year low in April over concerns about tariffs, while trade deficit surged to an all-time high in March, and job postings shrank more than expected
by Matt Carter Apr 29
Regulators expected to remove lid on Wells Fargo's growth soon
A $1.95T asset cap that's limited the bank’s growth could be lifted in Q2 with CFPB and other regulators having closed 12 of 14 consent orders aimed at remedying past business practices
by Matt Carter Apr 29
$18.5M in fines imposed on former Wells Fargo execs prove elusive
Under new leadership, OCC settles actions against 2 executives tied to 2016 scandal for $150K and won't say if it will defend court challenge of $10M fine in a 3rd case
by Matt Carter Apr 25
Homebuyer demand falls for 2nd consecutive week as rates climb
Economic uncertainty, rate volatility and mounting worries about the labor market are reducing the pool of potential buyers, putting a damper on the spring homebuying season
by Matt Carter Apr 23
Mr. Cooper's servicing portfolio shrinks for the first time in 2 years
Nation's largest loan servicer turned an $88M Q1 profit and remains on track to be acquired by Rocket in Q4, a deal that's prompted United Wholesale Mortgage to cut ties to Mr. Cooper
by Matt Carter Apr 23
Groups slam CFPB's bid to undo fair lending settlement as 'dangerous'
Consumer groups are trying to stop the Trump administration from vacating a settlement the government reached with a Chicago mortgage broker days before the November election
by Matt Carter Apr 22
Dream Finders Homes grows its mortgage, title insurance footprint
Alliant National acquisition brings 700 independent title agents in 32 states to Dream Finders, which provided financing on 72% of the homes it built last year through subsidiary Jet HomeLoans
by Matt Carter Apr 21
Tariffs to spur ripple effects across real estate, industry leaders warn
Rising construction costs and shifts in foreign investments will result in falling sales as the weight of the tariffs are felt across US housing markets, economists and real estate leaders told Inman
by Lillian Dickerson Apr 21
Trump administration makes its case for massive CFPB job cuts
Judge puts a temporary hold on DOGE-driven move to fire all but 200 of the Consumer Financial Protection Bureau's 1,700 employees to determine if it could still fulfill its statutory duties
by Matt Carter Apr 18
Homebuyers get cold feet as mortgage rates rebound
Mortgage rates are climbing back toward 7% on fears that tariffs could reignite inflation, but Fed Chair Jerome Powell warns policymakers would be challenged if unemployment also rises
by Matt Carter Apr 16
Democrats question legality of Fannie, Freddie board purges
Less than 4 days after being confirmed as head of the mortgage giants' federal regulator, housing scion Bill Pulte fired 14 board members and made himself the chair of both companies
by Matt Carter Apr 16