Evergreen Home Loans pursuing national expansion strategy
Bellevue, Washington-based Evergreen hires Wells Fargo and Bank of America veteran Andrew Leff as head of national business development and continues to expand beyond its regional roots
by Matt Carter May 5
Rocket Companies set to acquire Mr. Cooper Group Inc. for $9.4B
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
by Lillian Dickerson Mar 31
Trending: Super Bowl ad wins, fails and media literacy lessons
From Nike’s success to Poppi’s backlash, Jessi Healey unpacks the biggest Super Bowl ad takeaways and why understanding media literacy is more important than ever
by Jessi Healey Feb 14
Mortgage rates ease on benign December inflation report
Investors bid up shares of mortgage lenders and real estate companies after 'relatively benign' CPI report ends speculation that inflation worries might force the Fed to raise rates this year
by Matt Carter Jan 15
Flagstar exiting warehouse business to bolster parent NYCB
JPMorgan Chase Bank has agreed to buy about $5B in mortgage warehouse loans from NYCB. Flagstar will continue retail and wholesale mortgage lending and servicing operations
by Matt Carter May 15
JPMorgan Chase CEO warns of higher rates, more inflation
Jamie Dimon thinks interest rates could rise to 8% or more. He also said in a new letter that a recession and stagflation could be in the offing
by Jim Dalrymple II Apr 8
Rating agencies issue more cautions about banking industry
It's not just regional banks but larger lenders, such as JPMorgan and Bank of America facing uncertainty if interest rates stay higher for longer, analysts at Fitch and Moody's said
by Matt Carter Aug 15
'Big Short' investor: Flooding is the next great threat to home values
Dave Burt, who made a fortune leading up to the Great Recession and later earned notoriety in the 2015 film 'The Big Short,' is sounding the alarm about a growing threat to housing prices: flood risk
by Ben Verde May 31
Redfin CEO, others deflate Elon Musk's housing 'meltdown' theory
The Tesla CEO just predicted a coming collapse in the housing market, but Redfin CEO Glenn Kelman and other experts say the conditions that would lead to a meltdown just aren't there
by Jim Dalrymple II May 31
JPMorgan rolls out its own property management platform
Story, a property management platform aimed at helping landlords, managers and tenants, is the banking giant's attempt to put JPMorgan at the center of a $500B rental housing industry
by Taylor Anderson Nov 1
Homebuilders primed for big year of earnings. Here's the stocks to watch
Anticipating a high demand for homes, a research team at JPMorgan Chase is bullish on several real-estate stocks and investment trusts, according to a new analysis
by Daniel Houston Sep 24
Banks offer exposure to mortgage risk — and investors want in
The new bond products offer higher yields in a low-interest-rate environment; but if the loans go bad, investors are on the hook
by Daniel Houston Jul 29
JPMorgan Chase commits $400M to affordable housing
New initiatives are aimed at helping close the housing affordability gap for Black and Latino families
by Daniel Houston Jun 16
Keep your eye on these top 10 purchase lenders this year
The lenders who took the most market share in purchase mortgages in 2020 are best prepared to dominate lending in 2021
by Kelsey Ramírez Apr 14
These are the mortgage lenders that dominated refinances in 2020
Mortgage lenders saw record volume in 2020, with refinances leading the way. Here are the lenders that dominated refinances last year, according to the Mortgage Bankers Association
by Kelsey Ramírez Apr 14