Rocket Mortgage origination volume jumps 28% in Q3
Detroit-based Rocket Companies, the parent of Rocket Mortgage, saw its strategy of investing in technology and expanding its servicing portfolio start to pay...
Housing inventory growth slows to a halt
Weekly housing inventory data
All I wanted for Thanksgiving and Christmas was just a few weeks of active inventory growth between 11,000 – 17,000....
Blend narrows loss to $21M in Q3, reaffirms path to profitability in 2024
Mortgage tech firm Blend Labs continued to narrow its financial losses in the third quarter, driven by strong growth in its consumer banking...
Republicans tell FHFA they oppose Freddie Mac’s closed-end second mortgage proposal
On Wednesday, the FHFA closed the comment period for the proposal, which was opened in April. In their letter, Republicans called the 30-day...
Freddie Mac reports ‘solid financial results’ in 2023 earnings report
Government-sponsored enterprise (GSE) Freddie Mac reported a 65% annualized increase in income stemming from its single-family mortgage programs in fourth-quarter 2023, along with...
Blend launches lower-cost option for retail IMBs
Mortgage tech firm Blend has launched a lower-cost version of its mortgage suite for retail independent mortgage banks, the company announced this week.
This...
Mortgage rates continue a downward trend in the twilight of 2023
As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent.
The 30-year fixed-rate mortgage averaged 6.61% as...
Amended settlement agreement in Nosalek suit not enough to appease the DOJ
The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement...
Texas homeowners sue loanDepot, Cardinal over “deceptive practices”
Mortgage lenders loanDepot and Cardinal Financial are the targets of class-action-seeking lawsuits alleging deceptive practices, negligent misrepresentation and gross negligence against Texas homeowners.
In a pair of lawsuits...
Housing authorities and lenders added 54 homebuyer assistance programs in Q3: report
A total of 2,256 homebuyer assistance programs are available in the U.S. housing market after 54 programs were added in the third quarter,...