Scaling from Freelancer to Business Owner

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

Judges ruled that Atlantic Trust and District Lending continuing to send loans to UWM after the controversial amendment equates to accepting the ultimatum. View the full article

The global asset manager wanted access to the smaller company's residential mortgage credit strategies, which will become available to a larger investor base. View the full article

This transaction, following Rocket's purchase of Redfin, could be the start of the creation of large players to compete with the likes of Zillow. View the full article

The deal was highly vetted with regulators following the publicly traded company's failure to obtain approval in a past agreement, an executive said. View the full article

Slow repair cycle times, widespread premium increases and the volume of catastrophic events all contribute to dissatisfaction, according to the U.S. Property Claims Satisfaction Study from J.D. Power. 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

The deal, expected to close by the end of 2025, will place Mr. Cooper CEO Jay Bray as president and CEO of Rocket Mortgage. View the full article

The top five banks had a combined loan volume of more than $1 trillion held in portfolio at the end of Q4 2024. View the full article

Amir Syed, mortgage coach and social media powerhouse, worked at Lower for a little over a year helping to build out and nurture the mortgage lender's origination team. View the full article

Mortgage lenders and vendors are waiving fees and enhancing program criteria, looking to reduce costs for borrowers and increase their business. View the full article

ACHM 2025-HE1 will repay notes using a pro-rata, sequential pay structure that must satisfy an overcollateralization test, and cumulative loss and delinquency triggers. View the full article

The government conservatorship of Fannie Mae and Freddie Mac wasn't meant to last forever, but releasing the companies is complicated and should involve a diffident Congress, housing policy experts said during a Federal Reserve Bank of Atlanta housing panel. View the full article

While artificial intelligence can quickly analyze and compare products for consumers, social media and other online tools still serve to educate them. View the full article

The federal district court order in Mississippi allows allegations of servicer responsibility for insurance shortcomings and excessive costs to proceed. View the full article

A federal judge granted a preliminary injunction that preserves the Consumer Financial Protection Bureau's existence, reinstates fired employees, contracts, data and operational capacity. View the full article

The Federal Reserve governor said it is healthy to examine the regulatory architecture, but stressed the importance of the central bank having insight into the banking system. View the full article

Top US banking regulators plan to withdraw an overhauled rule meant to tackle redlining and boost lending to lower-income areas after industry groups sued to block the updated legislation last year. View the full article

The new state law can't ban the calls outright, but requires solicitors to disclose to mortgage consumers their identity and how they purchased the lead. View the full article

Fannie Mae increased its mortgage volume and home sales predictions, but that comes from cutting its forecasts for U.S. gross domestic product growth in 2025. View the full article

The Treasury Department told the OMB that all 11 programs in the CDFI Fund are statutorily mandated. The White House said "no final decisions have been made" about the programs. View the full article

The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency say they will move to rescind a 2023 reform to the Community Reinvestment Act, citing litigation concerns about the rule. View the full article

Once regulatory clarity emerges, the home equity investment space will attract more investors and potential new originators, a panel of industry experts said. View the full article