Scaling from Freelancer to Business Owner

A dv01 paper finds while no one single cause exists and elements like the lack of transportation infrastructure make a return to historic affordability unlikely. View the full article

Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank. View the full article

One-time Rocket exec Mike Fawaz founded brokerage and tech firm Origna8 with his former adversary's backing, which both say will enable it to quickly scale. View the full article

Rocket Cos. gave generous stock awards to its leaders for a busy year, while Better Home & Finance awarded raises to leaders after a difficult stretch. View the full article

First Mortgage Co., a long-defunct lender led by convicted executive Ron McCord, blamed the advisory firm for his failure to accept a $20 million offer. View the full article

Pending sales of previously owned US homes climbed for a second month in March as a pickup in inventory helped mitigate higher borrowing costs. View the full article

Federal Reserve Gov. Christopher Waller said certain corporate functions at the 12 regional banks, including information technology and human resources, could be consolidated under one structure to increase standardization and reduce costs. View the full article

The addition of HELOCs at SoFi comes alongside the launch of a new advisory group, as the company heightens its focus on real estate lending. View the full article

Fintech firm IntraFi's most recent quarterly survey of bank executives showed rising pessimism among bankers related to "instability in Washington," as well as growing concerns about technology-enabled fraud. View the full article

More than half of the major metropolitan markets in the United States posted year-over-year price declines in February, according to a new report. View the full article

Jonathan Corr, the former CEO of Ellie Mae, is one of six new members of MeridianLink's board, added following its acquisition by Centerbridge Partners. View the full article

State mortgage regulators are increasingly treating supervision as enforcement, imposing large fines even when companies fix issues quickly, writes the head of public policy at NewRez. View the full article

Housing starts increased 10.8% to an annual pace of 1.5 million homes in March, the highest since December 2024, according to figures released Wednesday by the Census Bureau. View the full article

Meet the top loan originators in the 28th edition of National Mortgage News' annual ranking and learn how they approach purchase business. View the full article

Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board. View the full article

The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted. View the full article

The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans. View the full article

The lender and servicer, which continues to make investments ahead of a future high-demand cycle, has reported tumbling margins in the past year. View the full article

PennyMac Financial Services reported $82.3 million net income, inclusive of a $44 million net reduction related to servicing fair value and hedge losses. View the full article

Here are the 50 women who did the most dollar volume for the previous 12 months in this year's Top Producers survey. View the full article

Alongside its cloud-based brokerage, the company said the acquisition will transform eXp's existing infrastructure into a multi-model platform. View the full article

Lender and servicer Loandepot, reeling from a larger loss in the first quarter, could use the potential funds to cover daily operations or repay debt. View the full article