Ward Morrison will step down in June but serve as a consultant until the end of the year. He has helmed Motto Mortgage since 2016
The all-stock deal is set to close in Q4 2025. Mr. Cooper Group Chair and CEO Jay Bray will become president and CEO of Rocket Mortgage while reporting to Rocket Companies CEO Varun Krishna
California Best Title Company Inc. settles case alleging illegal inducements for $150K without admitting wrongdoing, but marketing representative loses license for 3 years
Tariffs are expected to rekindle inflation and slow economic growth, but the recent pullback in mortgage rates should provide a 'small boost' to home sales this year, economists say
Acting director Russell Vought claims bureau 'abused its power' in redlining case against Townstone Financial that dragged on for 4 years, to 'further the goal of mandating DEI in lending'
Purchase loan requests are up 7% from a year ago, as loosening housing inventory and a pullback in mortgage rates presents FHA buyers with more opportunities: MBA survey
Flood of orders published without explanation on social media target programs and practices designed to boost lending in minority communities, protect borrowers from deceptive practices
Cutting the mortgage giants' $806.5K conforming loan limit could relieve pressure on home prices, but leave more homebuyers seeking jumbo mortgages at higher rates from private lenders
Bonus Homes might be an industry first model, investing in a seller's equity to take on the home as its landlord and paying out appreciation over time
Some experts are intrigued by the idea floated by Treasury Secretary Scott Bessent, saying it could help put the mortgage giants on sound footing without boosting mortgage rates
Lenders are no longer under orders to keep a sharper lookout for appraisal bias or have a process for helping borrowers who suspect appraisal bias to ask for a 'reconsideration of value'
Among those dismissed were Freddie Mac CEO Diana Reid and Head of Human Resources Dionne Wallace Oakley. FHFA COO Gina Cross and HR Director Monic Matthews were placed on leave
Activist investor Dan Gropper claims Cannae Holdings' 'vague and undifferentiated' approach to acquisitions and 'egregious governance practices' have cost shareholders nearly $1B
Central bank dials back Treasury rolloffs but is not ready to cut short-term interest rates, as Fed policymakers indicate they're more worried about inflation than they were in December
CEO Vishal Garg is optimistic about the future after cutting mortgage lender's annual net loss by 61%, to $206M, growing loan production by 19%, to $3.6B, and revenue by 50%, to $108M
Less than a week after being confirmed by the Senate to lead the FHFA, homebuilder scion Bill Pulte launches a campaign to cut alleged wasteful spending at the mortgage giants