Scaling from Freelancer to Business Owner

The announcement comes following an Institutional Shareholder Services report which urges shareholders to vote no on the CrossCountry Mortgage transaction. View the full article

Clear Capital acquires Restb.ai, ProxyPics becomes a verified provider of the Uniform Property Data Report plus more appraisal industry updates. View the full article

Rocket Mortgage pointed to United Wholesale Mortgage's refinance promotions and comments by Mat Ishbia to induce brokers to breach non-solicitation agreements. View the full article

The retail giant added a pro-rated dividend for TWO stockholders that would deliver a cash value potentially greater than UWM's latest offer. View the full article

First-time buyer ages and declining homeownership rates demand bold federal action on taxes, condos and financial literacy, according to the head of the CHLA. View the full article

Restricting institutional investors is bad policy, but reforming 1031 exchanges and requiring public listings for HUD homes could boost affordability, according to the Chairman of Whalen Global Advisors. View the full article

While Freddie Mac's weekly data found the 30-year average inching lower, 10-year Treasurys swung in the other direction after this week's economic release. View the full article

House lawmakers scrapped a ban on big-money investors from purchasing single-family homes, opting for a path that clears the bill's legislative hurdles. View the full article

Post-pandemic rule changes also have driven the Department of Veterans Affairs' number higher too but not as much as the Federal Housing Administration's. View the full article

The government-sponsored enterprise sees current rate levels likely to stick for longer compared to past forecasts, with the Iran War looming in the background. View the full article

A shareholder who claims no bias between United Wholesale Mortgage and CrossCountry Mortgage suggests the servicer must answer to recent allegations. View the full article

Achieve launches a correspondent channel for its fixed-rate HELOC, Deephaven ups its loan limit to $1M, and Planet expands into non-agency TPO products including non-QM and DSCR loans. View the full article

On a dollar basis, mortgage bankers earned $53 more on each origination versus the fourth quarter, while servicing net income was $64 higher comparatively. View the full article

The Real Brokerage's Agent Optimism Index, which measures agents' 12-month outlook, increased to 64 in April from 62 in March, but still below February's 70.3. View the full article

The newest version of the House housing bill would make a ban on institutional investors owning some homes less harsh than the Senate version by removing a seven year mandate on selling build-to-rent homes. View the full article

Providence, Rhode Island, headed Zillow's hottest rental markets list, beating out New York and San Francisco, the company announced Monday. View the full article

An index of home-purchase applications fell 4.1%, the most since the week ended March 20. View the full article

The Senate voted 54-45 to confirm Kevin Warsh to lead the central bank. Warsh will take the reins from Jerome Powell, who said he will remain on the Federal Reserve Board. View the full article

Department of Housing and Urban Development officials indicated that there are improvements in some delinquency stages and cure rates are better than expected. View the full article

Delinquencies among recent FHA originations are showing up alongside a notable volume of subordinate liens carried by the borrowers. View the full article

The House passed housing legislation that includes a slightly pared-down institutional investor housing ban, as well as a raft of community bank measures. View the full article

Federal Reserve Gov. Michael Barr Thursday warned against efforts to shrink the central bank's balance sheet, saying that effort could undermine financial stability and disrupt money markets. View the full article

Standard & Poor's found modeled foreclosure frequency and loss coverage to be in similar ranges as classic FICO but showed concern about potential bias. View the full article

Secondary market experts are split on whether the Fed's next move will be a rate decrease in 2027 or an increase, as more observers are now thinking. View the full article

All of the Las Vegas-based company's channels, including Alterra Home Loans and Travisa Financial, will go by SimplyPMG, it announced Monday. View the full article