Rocket is deploying scalable AI across an entire fintech platform

Ahead of his Connect NYC appearance, CEO Varun Krishna details the mortgage giant’s ambitious goals to grow its purchase loan business in 2025 by building closer ties to real estate agents and mortgage brokers. Continue reading

Mortgage rates ease a bit on November inflation surprise

Core inflation rose less in November than forecasters had been expecting, in part because housing costs rose at a slower pace, Pantheon Macroeconomics Chief U.S. Economist Samuel Tombs said. Continue reading

Fed cuts again, but mortgage rates climb on 2025 inflation worries

Bond market investors are focused on the latest “dot plot,” indicating Fed policymakers only expect to bring short-term rates down by half a percentage point in 2025. Continue reading

Homebuyers show readiness to pounce when mortgage rates dip

Requests for purchase loans picked up last week during a short-lived drop in rates, MBA survey shows, helped by “gradually improving inventory conditions and a more positive outlook on the economy and job market.” Continue reading

CFPB tightening underwriting for PACE energy improvement loans

PACE lenders object to rule requiring them to evaluate borrowers’ ability to repay and provide more comprehensive disclosures so homeowners can comparison shop for other types of financing. Continue reading

Why millions of Americans WANT the housing market to crash

Some renters think a crash would help them buy a home. But a surprising number of homeowners also think a major downturn would be a good thing, LendingTree survey finds. Continue reading

Fannie Mae forecasts ‘significant regional variation’ in 2025 sales

“From an affordability perspective, we think 2025 will look a lot like 2024,” Fannie Mae chief economist says, but with more inventory in Sun Belt states and parts of the Mountain West and Pacific Northwest. Continue reading

Blend Labs will power originations, closings for PHH Mortgage

The cloud banking software provider is finishing up the year with a bang, announcing a partnership with a leading loan servicer and recruiting PlanSource veteran Srini Venkatramani as the company’s new head of product. Continue reading

Nation’s biggest lender, UWM, is piloting Fannie Mae title waivers

Trade group for title insurers complains federal regulators are disregarding the views of lawmakers in allowing program to move forward on eve of a second Trump administration. Continue reading