Tag Archives: Eric Hagen

Trump’s mortgage bond promise already bringing rates down

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Although $200 billion sounds like a lot of money, the impact and longevity of Fannie and Freddie’s bond purchases on mortgage rates won’t be as big as the Federal Reserve’s. Continue reading →

Mortgage rates just hit a new 2025 low. They might be stuck there.

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MBA forecasts rates will probably stay right where they are now in 2026, as investors have already priced in future Fed rate cuts. But look for three years of steady growth in home sales ahead. Continue reading →

Mortgage rates ebb as Powell hints at end of ‘quantitative tightening’

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Fed chair dismisses suggestion that central bank could resume its purchases of mortgage-backed securities to bring down mortgage rates and improve housing affordability. Continue reading →

Mr. Cooper shareholders approve merger with Rocket Companies

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Rocket hopes the $9.4 billion deal will help it capture 20 percent of all mortgage refinancing and wrest back its title as the nation’s biggest mortgage lender from rival United Wholesale Mortgage. Continue reading →

Mr. Cooper is ‘firing on all cylinders’ going into merger with Rocket

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CEO Jay Bray says the loan servicing giant intends to “hit the ground running” when it merges with Rocket Companies later this year after turning a $198 million Q2 profit. Continue reading →

Chimera boosts non-QM presence with HomeXpress acquisition

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The New York City-based REIT will pay $120 million in cash for national non-Qualified Mortgage lender HomeXpress Mortgage Corp., plus 2.08 million shares in Chimera valued at $27.9 million. Continue reading →

Rocket’s appetite for growth could ding corporate debt rating

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Fitch Ratings warns of potential dowgrade of Rocket debt rating if Redfin and Mr. Cooper deals close, while decline in share price suggests investors have doubts Mr. Cooper is worth $9.4 billion. Continue reading →

Shares in Mr. Cooper at all-time high as servicing portfolio hits $1T

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Moody’s upgrades credit rating of “powerhouse in mortgage servicing” as it restructures the debt it uses to fund growth by issuing $1 billion in unsecured notes at 7.125 percent. Continue reading →