Scaling from Freelancer to Business Owner

Bessent reiterated his interpretation of the decline being mainly a product of deleveraging, saying he had no evidence that sovereigns were behind the drop. View the full article

Baby boomers made up the largest share of home purchasers in 2024, as the percentage of millennial buyers declined, the National Association of Realtors found. 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 top five banks have a combined HELOC volume of more than $90 billion at the end of Q4 2024. 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

Chief Operating Officer Joseph Gormley's appointment fills out a thin executive team at the government corporation, which plays a key role in funding mortgages. 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

Banosian will work with Victor Ciardelli, who remains as the president and CEO of the Chicago-based parent, Rate Cos., overseeing 15 businesses. View the full article

Stakeholders predict the future of homebuying will offer two distinct paths: an all-in-one bundle from companies like Rocket Mortgage and the traditional, local homebuying experience. View the full article

The provisionally approved rate hike would provide financial relief to State Farm's California subsidiary, which has said it needs to shore up confidence with solvency regulators and ratings agencies. 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 deal is composed of 11,547 seasoned performing and reperforming loans that are first and second lien. Loan servicing includes a 180-day chargeoff feature. View the full article

The task force terminated vendor contracts at the Department of Housing and Urban Development worth a combined $305 million, according to its wall of receipts. View the full article

The potential impact of agentic AI on the mortgage industry's future lies in its ability to give human employees "superpowers," technology leaders say. View the full article

Now the structured mortgage securities are cheap enough that CLO investors are watching them more closely, according to strategists and investors. View the full article

Federal regulators' plan to rescind reforms to the anti-redlining Community Reinvestment Act implementation rules disappoints community advocates, but gives banks clarity by reverting to longstanding CRA rules. View the full article

The builder's lending unit bought servicing and secondary market approvals that weren't part of Guild's previous acquisition of CCM's production and branding. View the full article

Sales of previously owned US homes fell in March by the most since 2022 as buyers remained constrained by high mortgage rates and prices. View the full article

Among the resignations are Mark McArdle, who was instrumental in creating the Qualified Mortgage rule, and Operations Chief of Supervision David Bleicken. It is unclear if the Consumer Financial Protection Bureau will hire anyone to succeed them. View the full article

The top five banks had a combined second-lien loan volume of more than $95 billion at the end of December 2024. View the full article

Companies are starting to leverage tools such as artificial intelligence and machine learning as part of the property valuation and review process. View the full article

A trio of trends — rates, prices and economic uncertainty — will dominate the 2025 Spring buying season and likely affect activity, Realtor.com warned. View the full article

Former Capital One Multifamily executive Grace Huebscher departed recently and the Federal Housing Finance Agency appointed a replacement amid broader reform. View the full article

In a sign of how Treasuries' status as a global haven during times of turmoil may be fading, rates on longer-term debt soared last week as equities convulsed, turbocharging bets on a steeper yield curve. View the full article

Regulators should approve the deal because post-merger, the servicing market remains fragmented and the mortgage origination business is even more dispersed. View the full article