Scaling from Freelancer to Business Owner

Fannie Mae revised its economic and housing outlook for 2025 and 2026, projecting mortgage rates to hit 6.3% and 5.9%, respectively. View the full article

Loan officers have said the majority of outreach from recruiters looks like impersonal "telemarketing." View the full article

Fannie Mae and Freddie Mac's credit risk-transfers and some older private-label mortgage-backed securities have exposures to the Washington DC area. View the full article

Keefe, Bruyette & Woods attributes Fannie Mae and Freddie Mac portfolio growth for the narrower spreads, but other reasons include lower volatility. View the full article

Overall performance is stable but inflation and unemployment have hurt newer borrowers in some cases, according to Transunion's 2026 consumer credit forecast. View the full article

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

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

Meanwhile, home prices are set to grow 3 to 4% in 2025, a Fitch report predicts. View the full article

Parent company Remax is reporting growing momentum in Wemlo, its technology unit that offers processing automation for loan brokers, which hiked prices last year. View the full article

Mr. Cooper expects close to 350 former Flagstar employees to be integrated as team members. View the full article

Former Mr. Cooper CEO Jay Bray will become Rocket Mortgage's president and CEO as the $14.2 billion transaction closes in just six months after announcement. View the full article

The latest announcement comes two months after an initial round of staff reductions following approval of Rocket's acquisition of the company. View the full article

The megaservicer is fending off a class-action lawsuit while suing its insurers for allegedly failing to indemnify it following its breach in 2023. View the full article

The industry's largest servicer, which agreed at the end of the quarter to be acquired by Rocket, had a $82 million write-down due to shifting interest rates. View the full article

The company more than doubled results over comparable periods and exceeded estimates due to stronger economies of scale and valuation adjustments in its favor. View the full article

Mortgage servicing rights owners making their plans for 2025 are dealing with additional stress beyond the normal opaque nature of the business, SitusAMC said. View the full article

Multifamily debt held by all capital sources continues to grow at a faster pace than the overall commercial market, the Mortgage Bankers Association said. View the full article

Potential cybersecurity and data privacy violations are among the many dangers of giving the Tesla CEO free rein over systems and data used for Social Security benefits and tax refunds. View the full article

In the New Jersey case, MV Realty and its principals agreed to pay $28 million in fines and restitution for these "Homeowner Benefit Agreements." View the full article

Headlines over real estate sales policies, as well as economic upheaval, are having a negative impact on how insiders are seeing the market today. View the full article

Flood Quotes and the Flood Insurance Portal allows users to compare quotes and purchase policies directly through the platforms. View the full article

The wholesale lender fell victim to a data incursion two years ago in a months-long period marked by several high-profile cybersecurity incidents. View the full article

Nations Lending claims two former branch managers diverted business to CMG Financial before leaving to their new place of employment. View the full article