The legal battle over the Fed's independence will drag into next year, with the Supreme Court to hear oral arguments in January on the Trump administration's bid to fire Cook
The Trump administration has assured industry groups that a stable housing finance system and low mortgage rates are a 'North Star' in their plans, but Dems complain they've been shut out
The National Flood Insurance Program is set to lapse on Sept. 30, and federal agencies critical to processing mortgage paperwork like HUD, FHA, VA, USDA and the IRS face staff reductions
UWM and Pennymac are pricing jumbo loans of up to $819K as if they were conforming, ahead of an official announcement by Fannie and Freddie's federal regulator in November
Lower courts have ruled Cook can continue to serve on the central bank's board while she challenges the Trump administration's move to fire her over unproven mortgage allegations
Trump's move to fire Cook likely violated her right to due process, and 'for cause' provision for removal is limited to behavior in office, judge rules in granting preliminary injunction
On this episode, American Property Owners Alliance’s Colin Allen breaks down the government's approach to the housing supply crisis, partisan divides and surprising bipartisan collaboration
A major player in correspondent lending, Pennymac is looking to provide more loans directly to consumers through a strategic partnership and investment in mortgage software provider Vesta
But an overall weakening labor market could include a silver lining for real estate as it puts downward pressure on mortgage rates
Rocket hopes the $9.4B deal will help it capture 20% of all mortgage refinancing and wrest back its title as the nation's biggest mortgage lender from rival United Wholesale Mortgage
Democratic senators asked federal regulator Bill Pulte on Aug. 29 to pause any efforts to reprivatize Fannie and Freddie and study potential impact on mortgage rates
Survey shows most Americans are concerned that privatizing the mortgage giants might lead to higher mortgage rates, with Democrats and independents most likely to be worried
A green light from the Federal Housing Finance Agency and antitrust regulators sets the stage for a Sept. 3 vote by Mr. Cooper shareholders on $9.4B mega merger
Mortgage giants should continue to operate as separate companies and be regulated like utilities with a cap on excessive fees and prohibitions on backing risky loans, industry group maintains
'Wall Street Journal' editorial calls Pulte's criminal referral of Federal Reserve governor 'an ominous turn in political lawfare' and warns that 'weaponizing' Fannie and Freddie's federal regulator 'won’t build confidence in America’s institutions or markets'