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...
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...
ICE’s mortgage business outperforms in Q3 despite industry tailwinds
Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s...
Opinion: Proptech’s big miss – HousingWire
The value of all residential real estate worldwide is approximately $200 trillion. Of this, the U.S. accounts for approximately 23%. Every year, transaction volume in...
Liberty Reverse parent completes rebrand to Onity Group
The parent company of top 10 reverse mortgage lender Liberty Reverse Mortgage has completed its shareholder-approved rebranding initiative, transforming the former Ocwen Financial...
HUD secretary defends repeal of fair housing rule
The AFFH rule — originally enacted in 2015 by the Obama administration and reinstated under President Joe Biden in 2021 — required local...
Illinois homebuyers file second commission lawsuit, and it may be the largest one yet
Another day and another class-action antitrust commission lawsuit accusing the real estate industry of colluding to inflate real estate agent commissions has been...
Nevada real estate firms hit with second commission lawsuit
A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially...
Home sales are tepid, but mortgage fraud is becoming more common
New data shows that cases of fraud among mortgage applicants is on the rise — an eye-raising trend as demand from borrowers remains...
Argyle announces integration with Fannie Mae’s DU
Verifications provider Argyle announced its integration with Fannie Mae’s Desktop Underwriter (DU) program on Monday, becoming the first DU-authorized report supplier to offer...