Scaling from Freelancer to Business Owner

The partnership between alternative investment managers adds to signs investors see the private mortgage market as attractive, albeit not immune to risk. View the full article

The top five lenders had an average of 30,887 loans guaranteed in 2024. View the full article

All of those surveyed by Wolters Kluwer for its May Blue Chip Economic Indicators report ruled out the possibility the Fed could raise short-term rates. View the full article

A large share of each generation, baby boomers, Gen X, Millennials and Gen Z, said another age group is the reason why homeownership is unaffordable, Clever found. View the full article

Chairman and CEO David Spector, in weighing Rocket Cos.' purchase of Mr. Cooper, suggested Pennymac's balanced business model couldn't be duplicated. View the full article

The US bond market is starting to get some relief, with long-maturity yields falling on Wednesday after The President indicated a willingness to strike a trade deal with China. View the full article

While ending mandated consumer rights, lenders can still ask for a reconsideration of value on FHA loans; plus, fair lending laws still apply in these cases. View the full article

US mortgage rates fell to the lowest level since October, spurred by a rally in government bonds in the wake of an escalating trade war and driving home purchase applications to a more than one-year high. View the full article

In its latest financial stability report, the Federal Reserve found that asset prices continue to exceed underlying fundamentals and leverage levels remain high, especially by hedge funds. View the full article

Legal experts say President The President's unprecedented move to fire Cook over alleged past misconduct will likely be hashed out in court, but there is little precedent to determine whether a sitting board governor can be removed for past actions. View the full article

Deregulation at the federal and state levels could open the door to a potential boom in housing supply, HUD Secretary Scott Turner said Tuesday. View the full article

Top US banking regulators plan to withdraw an overhauled rule meant to tackle redlining and boost lending to lower-income areas after industry groups sued to block the updated legislation last year. View the full article

The Senate Banking Committee sent the nomination of Michelle Bowman to the full Senate in a party-line 13-11 vote. View the full article

The most tangible concern is in the commercial real-estate market. But the rating agency's crystal ball is cloudy when it comes to single-family home loans. View the full article

A bill being introduced by Sen. Catherine Cortez Masto, D-Nev., would compel the Federal Home Loan Bank system to contribute 30%, or a minimum of $200 million, of each bank's net earnings into affordable housing or other community development programs. View the full article

A Department of Government Efficiency team is working with FDIC leadership to "increase efficiency," which could include cuts to contracts and streamlining staff. FDIC says DOGE staffers have "appropriate clearances." View the full article

The personal consumption expenditures index showed headline inflation flat at 2.5%, but the details of the report explain the Federal Reserve's reluctance to adjust interest rates. View the full article

The top female loan originator in the mortgage industry logged $186.5 million in dollar volume over the course of 2024. View the full article

Loan providers saw more frequent use of verification tools as well as shortened turnaround times from preapproval to application submission, Lenderlogix said. View the full article

Close to 300 former employees could be eligible for the settlement once it is officially approved later this year. View the full article

The homebuilder agreed to acquire Alliant National in a transaction announced last October, with this deal closing after the Cherry Creek mortgage purchase. View the full article

Even though Motto Mortgage has 8% fewer open offices than a year ago, executives touted franchise renewals with owners committing to another seven years. View the full article

The way mortgage firms address distressed military borrowers will become less regimented as the Veterans Affairs Servicing Purchase program gets phased out. View the full article

Plaintiffs raise prior accusations that the lender ignored applicants' debts in collections, and used unreasonable residual income calculations. View the full article