Rocket delivers $291M profit amid improved margins and MSR acquisitions
Rocket Companies, the parent of Rocket Mortgage, delivered a profit in the first quarter of 2024 through initiatives to reduce costs and increased investments in artificial intelligence...
Secondary mortgage market adjusts to higher-for-longer rates
The bottom line is the housing market remains in flux and is once again adjusting to the likelihood of interest rates remaining higher for longer after...
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Zillow believes the evolution of the industry will only help it grow
In light of the jury verdict in the Sitzer/Burnett suit and the terms of the National Association of Realtor’s nationwide settlement agreement of the commission lawsuits,...
Freddie Mac expands use of AOLs in selling guide update
In an update to its selling guide, Freddie Mac announced Wednesday that it is expanding the use of attorney opinion letters (AOLs) in lieu of title insurance.
Under...
Zillow launches buyer agreement for home tours
Over the years, Zillow has made it clear that it wants to help consumers with all aspects of their homebuying journey. Through the terms of the...
Reverse mortgage professionals react to H4P rule changes
After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed...
Home prices post largest gain in more than a year: S&P
Home prices were near an all-time high in February. The S&P CoreLogic Case-Shiller U.S. National Home Price Index posted a 6.4% annual gain in February, up...
Michigan attorney general reissues reverse mortgage consumer alert
The attorney general of Michigan has re-released a consumer alert about the reverse mortgage product category during financial literacy month. The action is designed to inform...
Blend receives $150M infusion from Haveli Investments
California-based mortgage tech firm Blend Labs, which has pursued non-GAAP profitability since it went public in 2021, announced a $150 million investment on Monday from private equity firm Haveli...