US home lending giant Rocket Mortgage bidding Canada adieu

Canadian mortgage strategist blames the country’s securitization market, which allows the country’s six biggest banks to sell mortgages to investors but is closed to smaller lenders. Continue reading

Hsieh returns to LoanDepot as Frank Martell steps down as CEO

Martell will transition into a board advisory role by June and Anthony Hsieh will return to the executive leadership team after the board ousted him in 2023, officials announced Thursday. Continue reading

Weak February jobs report moves the needle on mortgage rates

Mortgage rates eased Friday as investors took stock of new data showing employers added 151,000 workers to their payrolls in February and the unemployment rate ticked up to 4.1 percent. Continue reading

Focus on homebuyers helps Guild swing to $97M 2024 profit

At $24 billion, Guild’s 2024 mortgage production marked the San Diego-based lender’s biggest year since the pandemic-fueled refinancing boom. Continue reading

LA wildfire victims get extension on foreclosure, eviction moratorium

The moratorium on foreclosures and evictions for wildfire victims with FHA-backed single-family mortgages will be extended until July 7, 2025, HUD announced Thursday. Continue reading

National Flood Insurance Program set to expire at midnight March 14

As the March 14 debt ceiling deadline and potential government shutdown looms, Republican Sen. John Kennedy is introducing a bill to reauthorize the NFIP under its current form until Sept. 30. Continue reading

Help clients get spring deals done with an assumable mortgage

Get buyers off the fence and help sellers market their homes more effectively when you tap into the potential of assumable mortgages, Troy Palmquist writes. Continue reading

Homebuyers and homeowners jump on big drop in mortgage rates

Requests to refinance surged 37 percent last week and were up 83 percent from a year ago after the biggest one-week decline in mortgage rates since November, the MBA’s latest weekly lender survey shows. Continue reading

As JVs struggle, Rate names top salesman to head retail mortgage

Guaranteed Rate Inc.’s retail mortgage operations named Shant Banosian as president on Tuesday as joint ventures with Compass and Anywhere Real Estate strove to generate profits. Continue reading

How former lawyer Sara Rodriguez built her own multistate empire

This former attorney ditched her corporate job to start her own company, Titan Title, which has grown to five states in six years. Rick Guerrero sits down with Rodriguez to learn her success formula. Continue reading