Mortgage rates seen as staying higher for longer as Fed pauses
Economists and bond market investors have been surprised by the continued strength of the economy, and are wary of the potential for tariffs, tax cuts and deportations to reignite inflation
by Matt Carter Feb 21
HUD, FHA staffing cuts would undermine housing, union warns
Trump administration silent on details but disputes the accuracy of a Feb. 18 report by Bloomberg Law that at least 40% of FHA's workforce are set to be laid off as part of cost-cutting initiatives
by Matt Carter Feb 20
Rocket offering renters up to $5K in closing credits
RocketRentRewards lets homebuyers earn closing cost credits equal to 10% of their verified rent payments over the past year — about $2,160 for those paying the average $1,800 in rent
by Matt Carter Feb 19
Mortgage rates in retreat as investors weigh Trump's approach
After surprise inflation report, Trump administration says the Fed's interest rate decisions will be exempt from its attempt to exert more control over independent federal agencies
by Matt Carter Feb 19
Constellation Software launches new data services business
Constellation Data Labs will provide active property listings and public records to a broader range of industries including mortgage lenders, asset managers and insurers
by Matt Carter Feb 18
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by Lillian Dickerson Feb 17
Fannie Mae and Freddie Mac's net worths climb past $154B
While plans to privatize the mortgage giants are on the back burner, Trump administration may impose limits on how much support the mortgage giants can provide to riskier borrowers
by Matt Carter Feb 14
Onity restructures debt and has most profitable year since 2013
After posting $33M in profit in 2024, PHH Mortgage's parent company said Thursday it will invest further in loan servicing and the originations tech that handles a majority of its customer inquires
by Matt Carter Feb 14
Mr. Cooper's tech investments paying off as portfolio hits $1.5T
Dallas-based loan servicer is using AI to collect monthly mortgage payments from 6.7M homeowners, a business that generated $393M in pretax income during Q4
by Matt Carter Feb 12
Mortgage rates climbing again on hot CPI report, Powell testimony
Trump calls for lower interest rates after release of January CPI report. Powell says Fed is in no hurry to cut rates, and bond market investors who fund mortgages are taking him at his word
by Matt Carter Feb 12
NCino acquires integration partner Sandbox Banking for $52.5M
In a flurry of activity, the cloud banking solutions provider appointed Sean Desmond as CEO while granting a big shareholder, HMI Capital Management, a seat on its expanded board of directors
by Matt Carter Feb 12
Rocket Companies takes Super Bowl ad rivalries to new heights
Mortgage giant's 60-second 'Own the Dream' Super Bowl ad featured a live singalong by thousands of fans in New Orleans to John Denver's 'Take Me Home, Country Roads'
by Matt Carter Feb 10
CFPB is latest target of Trump's downsizing government campaign
Congressional Democrats vow to fight moves to 'unlawfully delete this popular consumer watchdog that enjoys the broad bipartisan support of 4 out of 5 Americans'
by Matt Carter Feb 10
Anxiety over mortgage rates, rent and home prices begins to mount
Inflation expectations surged after President Donald Trump announced plans to impose tariffs on goods from China, Canada and Mexico, a new University of Michigan survey of consumers finds
by Matt Carter Feb 10
Pullback in mortgage rates spurs refis but not purchase loans
Requests to refinance were up 12% week over week and 17% from a year ago last week after rates for 30-year fixed-rate loans pulled back to the lowest level in 6 weeks
by Matt Carter Feb 5
Optimal Blue is about to drop an AI assistant aimed at mortgage execs
Conversational generative AI chat assistant, Ask Obi, is aimed at providing high-level insights 'to better understand the data that drives their business,' Chief Product Officer Erin Wester says
by Matt Carter Feb 5