Rocket to Acquire Mr. Cooper for $9.4 Billion
Less than three weeks after announcing its intention to acquire digital brokerage platform Redfin in an all-stock transaction, Rocket Companies says it now plans...
Usherpa Hires Laila Stout as Senior Marketing Strategist
Experienced marketing executive Laila Stout has joined Usherpa, developers of the real estate and mortgage industry’s first customer relationship engagement platform (REP) platform, as...
Cotality to Offer Optimal Blue’s Direct-Source Origination Data
Optimal Blue reports that it has formed a strategic alliance with Cotality - formerly known as CoreLogic - under which Cotality will offer Optimal Blue’s...
Mortgage Rates Decrease and Flatten After Several Weeks of Volatility
Mortgage rates edged down this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.65%, down from 6.67% last week, according...
Waterstone Mortgage Hires Margie Hennessey as VP, Eastern Region Sales
Margie Hennessey has joined Waterstone Mortgage Corp. as vice-president – eastern region sales.
Hennessey has more than 21 years of experience in the mortgage lending...
Pending Home Sales Up 2 Percent in February as Spring Homebuying Season Off to...
Pending home sales increased 2.0% in February compared with January however they were down 3.6% compared with February 2024, according to the National Association...
First American: Home Affordability Improved Slightly in February
Homeownership was more attainable in February and is poised to become slightly more affordable in the months to come, as inventory increases, incomes rise...
FHFA Director Pulte Rescinds Series of Biden-Era Orders, But Won’t Change Conforming Loan Limits
Bill Pulte, director of the Federal Housing Finance Agency (FHFA), on Tuesday rescinded a series of advisory bulletins and directives implemented by the Biden...
CoreLogic to Rebrand as Cotality
Global property data and real estate solutions firm CoreLogic is rebranding to Cotality.
The new name reflects the company’s deep commitment to collaboration and connectivity,...
Purchase Applications Saw Strongest Monthly Pace Since January
Total mortgage application volume fell 2.0% during the week ended March 21, as rates decreased slightly, however purchase applications continued to increase, according to...
Tech-Driven HELOC Subservicing Solution Launched by BSI Financial Services
BSI Financial Services has launched a tech-driven HELOC subservicing solution offering enhanced borrower access, risk mitigation, and compliance management.
The specialized HELOC subservicing solution is...
New Home Sales Increased in February But Are Well Below What They Need to...
New home sales increased 1.8% in February compared with January to reach a seasonally adjusted annual rate of 676,000, according to estimates released jointly...
Home Flipping Continued to Decline in 2024
About 298,000 single-family homes and condos were flipped in 2024 - a decrease of 7.7% compared with 2023 and down 32.4% from a peak...
Gen Z, Millennials Tracking Behind Older Generations in Terms of Homeownership
Young Americans are tracking behind their parents' generations in terms of the homeownership rate, a recent report from Redfin shows.
For instance, 33% of 27-year-olds...
Prudent AI’s Lender Clients Report Gaining Operational Efficiencies
Prudent AI, offering AI-powered income verification, reports that mortgage lenders are experiencing significant operational efficiencies and growth with its income intelligence tool.
Prudent AI empowers...
Rithm Capital Closes $878 Million MSR Deal
Rithm Capital Corp. recently closed an $878 million mortgage servicing rights (MSR) deal.
The single-tranche transaction is the largest MSR debt issuance ever, marking a...
Fairway Promotes Amy Slotnick to President of National Branch Optimization – Sales
Amy Slotnick has been promoted to president of national branch optimization – sales, at Fairway Independent Mortgage Corp.
Slotnick has 42 years of mortgage industry...
MBA: Commercial Mortgage Delinquencies Increased in Q4 But Remain Relatively Low
Commercial mortgage delinquencies increased in the fourth quarter, with the exception of life company loans, which showed a slight decrease, according to the Mortgage...
New FHFA Director Bill Pulte Commences Restructuring at Fannie, Freddie
Bill Pulte, newly installed director of the Federal Housing Finance Agency (FHFA), has begun restructuring government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, firing...
ICE: Mortgage Delinquencies Continued to Edge Up in February
The mortgage delinquency rate edged up to 3.53% in February, an increase of 1.45% compared with January and up 5.69% from February 2024, according...