Scaling from Freelancer to Business Owner

Nearly 20% of homeowners had a mortgage rate of at least 6% in the second quarter of this year, signaling Americans are warming up to higher rates, Redfin said. View the full article

The government-sponsored enterprise's bottom line results, like Fannie Mae's, came in above the previous quarter's but below year-ago numbers. View the full article

Until August, Bell was the executive director for loan guaranty service at the Department of Veterans Affairs, where he was credited with growing the program. View the full article

Instances of miscommunication between servicers and borrowers have declined, but some warn that CFPB stepping back from enforcement could create oversight gaps. View the full article

The title industry sustained improvement first seen last year, with second-quarter premium totals up on both a quarterly and annual basis, ALTA said. View the full article

Federal Reserve Vice Chair for Supervision Michelle Bowman said she wants banks to be competitive in the digital assets space, provided those operations are siloed from the traditional finance side of the business. View the full article

The company's servicing valuations fell but by less than in previous quarters. Lower rates both aided production and created recapture opportunities. View the full article

The embattled regulator has dropped more than half its Biden-era docket, including cases against Apple and U.S. Bank. But insiders at the bureau say that's just the beginning. View the full article

The appointment of the mortgage veteran comes as the lender undergoes marketing and branding pivots, including its recent name change from Nexa Mortgage. View the full article

The top Senate Democrat pressed Treasury Secretary Scott Bessent for more details about the The President administration's efforts to take the mortgage giants public. View the full article

In its so-called quarterly refunding statement Wednesday, the Treasury department said it anticipated keeping auction sizes unchanged for nominal notes, bonds and floating-rate notes, "for at least the next several quarters." View the full article

Regulators also accused Southern California-based E Mortgage of failing to properly supervise remote employees and cooperate with their examinations. View the full article

What makes the situation alarming is the government attack on the fair lending enforcement infrastructure, said Lisa Rice of the National Fair Housing Alliance. View the full article

The latest sale consists of close to 1,200 HECMs secured by vacant residential units found in 46 states, according to data provided by the government agency. View the full article

Onity adds former Meta exec as director, Click n' Close taps industry veteran as president while banks and credit unions boost their mortgage teams. View the full article

The bank is adding trusted contacts, specialized teams and new tech against scams, but consumer advocates say reimbursement is the key missing piece. View the full article

Investment purchases surged to their highest share in five years in the second quarter, even though total volume decreased from 12 months earlier. View the full article

The changing climate is increasing insurance rates for residents and cities and lowering property values in areas that face more frequent and intense disasters. View the full article

In a case mentioned alongside one decided by the U.S. Supreme Court, by 2-1, the judges said they could not overturn a past decision on California's escrow law. View the full article

A gauge of present conditions fell 7 points to the lowest level in a year, while a measure of expectations for the next six months also dropped in September. View the full article

Mortgage Research Center is adding First Residential Independent Mortgage to do conventional and FHA, but it will be sunsetting the Paddio branding. View the full article

The partnership centers on a master purchase agreement for a portfolio of mortgage servicing rights that the real estate investment trust is buying. View the full article

The latest data offered some relief to traders worried about more pronounced inflation that could keep a lid on rate cuts. View the full article

Department officials pushed back on criticism that a banner on its homepage violated a statute meant to curb partisanship in government operations. View the full article