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Mortgage jobs lower than forecasted

National Mortgage
Mortgage Finance
2 years ago

Nonbank employment data from mortgage bankers and brokers largely plateaued in December and was generally overestimated in 2023, according to,.. Read More;

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Rocket's shareholders reassert demand for class certification

National Mortgage
Mortgage Finance
2 years ago

Rocket Mortgage investors are pushing for a federal Michigan court to certify their class action lawsuit, which accuses the mortgage,.. Read More;

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Freedom Mortgage challenges "vague" HMDA accuracy criteria

National Mortgage
Mortgage Finance
2 years ago

Freedom Mortgage says the Home Mortgage Disclosure Act's accuracy requirement is "vague", an argument it raised in a spat with,.. Read More;

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Rocket makes AI push with new board appointment

National Mortgage
Mortgage Finance
2 years ago

Rocket Cos. announced the addition of Alex Rampell, a fintech and artificial intelligence expert, to its board as an independent,.. Read More;

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Are credit-linked notes a good way for regional banks to offload risk?

National Mortgage
Mortgage Finance
2 years ago

Regional banks are turning to a new tool to unlock space on their balance sheets and offload some credit risk,.. Read More;

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Pennymac unit reports loss due to servicing tech settlement

National Mortgage
Mortgage Finance
2 years ago

Pennymac's mortgage division reported a $38.6 million net loss in the fourth quarter that included a one-time accrual expense related,.. Read More;

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New York Community: Growing pains, strategy miss, or both?

National Mortgage
Mortgage Finance
2 years ago

Under CEO Thomas Cangemi, New York Community has spent the past three years reinventing itself, shifting from a thrift model,.. Read More;

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Bulk MSR portfolio totaling $15.6 billion up for bid

National Mortgage
Mortgage Finance
2 years ago

An unusually large bulk package of $15.06 billion in mortgage servicing rights is among portfolios trading in the market this,.. Read More;

post

Newrez restructures retail operations, letting go of Caliber execs

National Mortgage
Mortgage Finance
2 years ago

Newrez, in what some call a surprise move, let go of a number of regional and divisional managers, which joined,.. Read More;

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House passes bill boosting low-income housing tax credits

National Mortgage
Mortgage Finance
2 years ago

With overwhelming bi-partisan support, the House of Representatives passed a tax reform bill that would restore higher limits for the,.. Read More;

post

Mortgage rates slip again on positive economic outlook

National Mortgage
Mortgage Finance
2 years ago

Mortgage rates stayed in the same range they have remained in for the last several weeks, crawling back down 6,.. Read More;

post

Housing cooloff hits equity cushion for owners in the west, south

National Mortgage
Mortgage Finance
2 years ago

The share of mortgage borrowers who are equity-rich declined for a second quarter, with owners in the West and South,.. Read More;

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