Like its sister company, Freddie, Fannie Mae remained profitable in Q2 despite pressure from inflation, rising interest rates and worsening affordability, according to earnings released Friday. Continue reading
J.D. Power’s annual Mortgage Servicer Satisfaction Study finds customer satisfaction is 26 percent higher when mortgages are originated and serviced by the same company. Continue reading
The Arkansas-based lender will use Sagent’s servicing solutions to collect monthly payments from borrowers and manage loans when homeowners get behind on their payments. Continue reading
The mortgage giant generated a $2.5 billion profit and grew its mortgage portfolio by 14 percent despite dramatic declines in new purchase loans and refinancing. Continue reading
This week, Byron Lazine and Nicole White discuss NAR chief economist Lawrence Yun’s recent testimony to Congress and 2022’s biggest residential real estate transactions (so far). Continue reading
After expanding into eight new states and more than doubling its market footprint this year, the Power Buyer is laying off 136 employees in search of an “achievable path to profitability.” Continue reading
This case is the first-ever redlining settlement against a mortgage company and the second-largest such settlement in DOJ history. Continue reading
Fed Chairman Jerome Powell hinted Wednesday that the U.S. central bank is looking to dial back the pace of interest rate hikes as soon as the impact of previous increases shows up in inflation data. Continue reading
If rates come down in the next three years, Rocket Mortgage’s program will cover some refinancing costs including first appraisal, credit report, tax certification and the mortgage recording fee. Continue reading
This week, we want to know: What are the top five apps that you simply can’t do without on your cell phone? Continue reading