A coalition of groups has warned that the Trump administration's goals for the mortgage giants will leave up to 177K lower income homebuyers looking elsewhere for a loan
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
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
Common Securitization Solutions (CSS) has rebranded as US Fin Tech and will look to provide technology and business solutions to companies in addition to its owners
Overseas investors hold about $1.36T in US mortgage debt, with Japan, China, Taiwan and Canada accounting for 61% of that total. South Korea ranks 10th with $36.5B invested
Purchase loan demand up 11% last week, with 'surprisingly strong' demand from conventional loan borrowers given lingering economic uncertainty, MBA economist Mike Fratantoni says
As March 14 debt ceiling deadline approaches, housing and mortgage finance industries brace for repercussions of DOGE cuts to HUD, FHA and Ginnie Mae workforce and programs
National Housing Conference CEO David Dworkin, a centrist advocate for affordable housing stakeholders, warns of unintended consequences of downsizing of HUD, FHA and Ginnie Mae
Rating agencies are keeping a close eye on whether politicians in the nation's polarized Capitol will rise to challenges including the $34.8T national debt, debt ceilings and inflation
Kiavi has packaged up more than $5.1B in 'residential transition loans' for sale to investors. The latest deal — the first to be evaluated by a credit rating agency — was bumped up to $400M
Jobs reports trigger recession fears, sending rates on 30-year fixed-rate mortgages plunging to new 2024 lows as investors rotate out of stocks and into bonds and MBSs that fund home loans
Nation's largest mortgage lender trims its $300B servicing portfolio by nearly one-fourth, selling $70B in mortgage servicing rights for $941.2M, excess cash flows on $19.4B in loans for $150.9M
Nation's biggest mortgage lender posts first annual loss since going public in 2020, largely driven by an $854.1M write-down in the value of UWM's $300B mortgage servicing rights portfolio
Kiavi upsizes its 16th securitization to $350M and says oversubscribed offering is company's biggest since November 2021, bringing total issuance since 2019 to $4B
Having slashed premiums on new FHA loans by 35% in March, and with insurance in force growing faster than reserves, HUD officials are showing no signs they'll give in to industry demands