Tag Archives: mortgage

Massive downward jobs revision not budging mortgage rates

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Rebenchmarking that suggests the U.S. added 911,000 fewer jobs than previously thought generates political heat but was widely expected by economists and investors. Continue reading →

Pennymac takes a stake in Vesta, launches non-QM mortgages

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A major player in correspondent lending and mortgage servicing, Pennymac is looking to provide more loans directly to consumers through a strategic partnership and investment in mortgage loan origination software provider Vesta. Continue reading →

Trump signs bill curtailing sale of mortgage trigger leads in 180 days

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After the bill takes effect in March, credit bureaus will still be able to sell trigger leads to a borrower’s current mortgage lender, loan servicer, or any bank or credit union they have an account with. Continue reading →

LoanDepot shares surge on bullish call by Citron Research

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Andrew Left’s controversial research firm has a thesis: Trump will win the “war on housing,” and that loanDepot’s mortgage servicing business is undervalued. Continue reading →

Mortgage rates plummet to new 2025 low on anemic jobs report

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Investors who fund most home loans are no longer wondering whether the Federal Reserve will cut rates this month, but by how much. At least three quarter-percentage point rate cuts are now expected this year. Continue reading →

DoJ opens criminal investigation into Fed Governor Lisa Cook

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Cook’s attorneys say she did not commit mortgage fraud, and is being targeted by the Trump administration to undermine the Federal Reserve’s independence. Continue reading →

What are the riskiest housing markets in the US? New data provide answers

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Metro areas in the southern and western U.S. dominate the nation’s riskiest markets. That’s according to new Attom data on home prices, underwater mortgages, foreclosures and more. Continue reading →

Homebuyers take a breather as mortgage rates continue to fall

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Purchase loan demand eased last week, but rates are expected to keep falling on a new report showing there are more people unemployed than there are job openings for the first time since the pandemic. 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 →

Fed Governor Lisa Cook didn’t commit mortgage fraud: attorneys

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Hundreds of economists say Trump adminstration’s move to fire Cook “threatens the fundamental principle of central bank independence and undermines trust in one of America’s most important institutions.” Continue reading →