US home lending giant Rocket Mortgage bidding Canada adieu
Canadian mortgage strategist blames the country's securitization market, which allows the country's 6 biggest banks to sell mortgages to investors but is closed to smaller lenders
by Matt Carter Mar 7
Hsieh returns to LoanDepot as Frank Martell steps down as CEO
Martell will transition into a board advisory role by June, and Anthony Hsieh will return to the executive leadership team after the board ousted him in 2023, officials announced Thursday
Weak February jobs report moves the needle on mortgage rates
Mortgage rates eased Friday as investors took stock of new data showing employers added 151,000 workers to their payrolls in February and the unemployment rate ticked up to 4.1%
by Matt Carter Mar 7
Focus on homebuyers helps Guild swing to $97M 2024 profit
$24B in 2024 mortgage production represents Guild's biggest year since the pandemic-fueled refinancing boom, helping the San Diego-based lender bounce back from $39M 2023 loss
by Matt Carter Mar 6
Picture of HUD Secretary Scott Turner speaking at a podium.
The moratorium on foreclosures and evictions for wildfire victims with FHA-backed single-family mortgages will be extended until July 7, 2025, HUD announced Thursday
National Flood Insurance Program set to expire at midnight March 14
As the March 14 debt ceiling deadline and potential government shutdown looms, Republican Sen. John Kennedy introduces bill to reauthorize the NFIP under its current form until Sept. 30
by Matt Carter Mar 6
Help clients get spring deals done with an assumable mortgage
Get buyers off the fence and help sellers market their homes more effectively when you tap into the potential of assumable mortgages, Troy Palmquist writes
by Troy Palmquist Mar 6
Homebuyers and homeowners jump on big drop in mortgage rates
Requests to refinance surged 37% last week and were up 83% from a year ago after the biggest 1-week decline in mortgage rates since November, the MBA's latest weekly lender survey shows
by Matt Carter Mar 5
As JVs struggle, Rate names top salesman to head retail mortgage
Guaranteed Rate Inc.'s retail mortgage operations named Shant Banosian as president on Wednesday as joint ventures with Compass and Anywhere Real Estate strove to generate profits
by Matt Carter Mar 5
How former lawyer Sara Rodriguez built her own multistate empire
This attorney ditched her corporate job to start her own company, Titan Title, which has grown to 5 states in 6 years. Rick Guerrero sits down with Rodriguez to learn her formula for success
by Rick Guerrero Mar 5
UHM adds $1B in lending capacity with NRL Mortgage acquisition
Houston-based Nations Reliable Lending, which does business as NRL Mortgage, sponsors 44 mortgage loan originators working out of 27 branch locations in 10 states
by Matt Carter Mar 4
Democrats weighing government shutdown to protest DOGE cuts
As March 14 debt ceiling deadline approaches, housing and mortgage finance industries brace for repercussions of DOGE cuts to HUD, FHA and Ginnie Mae workforce and programs
by Matt Carter Mar 4
Insurance, property taxes taking a bigger bite of buyers' budgets
With the average homeowner spending $442 a month on property taxes and insurance, real estate agents and mortgage lenders are urged to help their clients shop for better deals
by Matt Carter Mar 3
Inflation is cooling. But is the economy about to crash?
After moving in the wrong direction for 3 months, annual inflation cooled to 2.5% in January. But the biggest drop in consumer spending since 2021 has 1 model predicting a shrinking economy
by Matt Carter Feb 28
Consumer banking helps Blend weather 2024 mortgage doldrums
Revenue from Blend's biggest business, its mortgage software suite, fell 6% in 2024 to $73.3M. A 42% increase in consumer banking suite revenue, to $33.7M, more than made up the difference
by Matt Carter Feb 28
Rocket's $649M Q4 profit puts the company in the black for 2024
In a difficult year for real estate, Rocket Mortgage grew closed loan volume by 29%, to $101.2B. Higher profit margins on those loans helped boost net revenue by 34%, to $5.1B
by Matt Carter Feb 28