Scaling from Freelancer to Business Owner

The Mortgage Collaborative, Lereta welcome new CEOs, Planet Financial adds retail sales, title execs, Southern Bancorp names new head of production plus more industry moves. View the full article

While more consumers claim they can't tell whether now is a good time to purchase a home, over half of prospective buyers said the market is better than it was in 2024. View the full article

In comments to reporters, Sen. Elizabeth Warren, D-Mass., underscored what she said was a conflict of interest between Elon Musk's DOGE's actions at the Consumer Financial Protection Bureau and his business interests with X Money. View the full article

The banking sector has stabilized significantly since the spring of 2023, but elevated interest rates have created lingering issues on bank balance sheets. View the full article

More than two-thirds of the counties most at risk of a housing downturn were concentrated in five states, according to a new report from Attom. View the full article

While no additional details were disclosed, the housing regulator's inspector general typically probes cases which are prosecuted by the Department of Justice. View the full article

The Federal Reserve Board lifted two enforcement actions against the megabank dating back to 2011. But the Fed's seven-year-old asset cap remains in effect. View the full article

The government-sponsored enterprises were not meant to remain in conservatorship permanently, but privatizing them once again must include a new set of rules that minimize market disruptions and maximize their focus on making homeownership affordable. View the full article

Investment in professional development is more common than tuition reimbursement among top-ranked firms seeking to meet demand for AI-related training. View the full article

Thirty-eight TD Bank locations and 24 Flagstar branches are set to shut down. Both banks are coming out of tumultuous periods. View the full article

Tariff and layoff worries are leading some to reconsider pending deals, but a surplus of existing homes now has other buyers backing out as well, Redfin said. View the full article

For the four weeks ended March 2, pending sales were down 6.4% annually as prices continued to rise, pushing borrower monthly payments near their all-time high. View the full article

Acting Consumer Financial Protection Bureau Director Russell Vought also directed that future guidance not use the words "shall," "must," "required" or "requirement" to direct parties outside the federal government, except when restating clear legal mandates. View the full article

The bank said it will appeal the judge's ruling, which it suggested would have a chilling effect on lenders participating in such government programs. View the full article

Fannie Mae increased its mortgage volume and home sales predictions, but that comes from cutting its forecasts for U.S. gross domestic product growth in 2025. View the full article

The institution has been downsizing its portfolio to address deposit runoff as it has shed fintech exposures and worked to gain release from a consent order. View the full article

Refinance activity was up 16% from the end of February while purchase applications rose mildly, on the strength of fading rates amid larger economic woes. View the full article

The legislation is aimed at loosening regulation of new-home construction in the Grand Canyon State, where median prices have shot up by 59% since 2020. View the full article

Three Democratic senators joined Republican colleagues to confirm the businessman, who previously voiced his support for easing government regulations. View the full article

The company turned to automation to address pain points it found in working with lines of credit that mortgage lenders are increasingly originating. View the full article

The legislative proposal highlights tensions around broader utilization of partial claim-style mortgage options and the VA's particular difficulty funding one. View the full article

With views of current finances among the poorest Americans already near the lowest in 14 years, tariffs are set to add more pressure by making many everyday items even pricier. View the full article

Toronto-based Simply Approved Mortgages is opening for business in Florida and Colorado, looking for the cross-border success that eluded companies like Rocket. View the full article

The company first entered the Canadian market in 2020 through an investment in an Ontario-based brokerage, which later rebranded to Rocket Mortgage Canada. View the full article

The company missed analysts' quarterly forecasts on operating earnings per share due to higher mortgage servicing rights amortization and operating expenses. View the full article