Mortgage rates seen as staying higher for longer as Fed pauses

Economists and bond market investors have been surprised by the continued strength of the economy, and are wary of the potential for tariffs, tax cuts and deportations to reignite inflation. Continue reading

HUD, FHA staffing cuts would undermine housing, union warns

The Trump administration is silent on details, but disputes the accuracy of a Feb. 18 report by Bloomberg Law that at least 40 percent of FHA’s workforce are set to be laid off as part of cost-cutting initiatives. Continue reading

Rocket offering renters up to $5K in closing credits

RocketRentRewards lets homebuyers earn closing cost credits equal to 10 percent of their verified rent payments over the past year, or $2,160 for those paying the average $1,800 in rent. Continue reading

Mortgage rates in retreat as investors weigh Trump’s approach

After surprise inflation report, Trump administration says the Federal Reserve’s interest rate decisions will be exempt from its attempt to exert more control over independent federal agencies Continue reading

Constellation Software launches new data services business

Constellation Data Labs will provide active property listings and public records to a broader range of industries including mortgage lenders, asset managers and insurers. Continue reading

Take the Inman Intel Index survey for February

Each month, hundreds of real estate agents, brokers, executives and investors report on what they’re seeing in their corner of the industry. Add your insights. Take the survey. Continue reading

Fannie Mae and Freddie Mac’s net worths climb past $154B

While plans to privatize the mortgage giants are on the back burner, Trump administration may impose limits on how much support the mortgage giants can provide to riskier borrowers. Continue reading

Onity restructures debt and has most profitable year since 2013

After posting $33 million in profit in 2024, PHH Mortgage’s parent company said Thursday it will invest further in loan servicing and the originations technology that handles a majority of its customer inquires. Continue reading

Mr. Cooper’s tech investments paying off as portfolio hits $1.5T

Dallas-based loan servicer is using AI to collect monthly mortgage payments from 6.7 million homeowners, a business that generated $393 million in pretax income during the fourth quarter. Continue reading

Mortgage rates climbing again on hot CPI report, Powell testimony

Trump calls for lower interest rates after release of January CPI report. Powell says Fed is in no hurry to cut rates, and bond market investors who fund mortgages are taking him at his word. Continue reading