Chairman and CEO David Spector, in weighing Rocket Cos.' purchase of Mr. Cooper, suggested Pennymac's balanced business model couldn't be duplicated.
On a week-to-week basis, new application activity fell by 1.3%, with purchase volume off 2%, the Mortgage Bankers Association found.
Evaluations for payment reduction still represent a relatively small share of home retention actions but their uptick could add incrementally to servicers’ workloads.
The Bank of Glen Burnie has bought VA Wholesale Mortgage, a veteran owned-and-operated company which specializes in working with military families.
Lower interest rates and homebuilder concessions brought borrowers to the table, according to the Mortgage Bankers Association's latest report.
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Fischer, who served on the central bank boards of both Israel and the United States and served as the Federal Reserve vice chair from 2014 until 2017, died Saturday at age 81.
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The company wants some holders of bonds due next year to allow a higher debt-to-equity ratio so it can pursue strong returns while managing certain risks.
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The combined prices of properties on the market for more than 60 days currently make up close to half of total unsold dollar volume, according to Redfin.
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Federal Reserve Gov. Christopher Waller said changes to the Federal Open Market Committee's quarterly economic projections could lead to clearer communication with markets and market participants.
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Significant changes are in store for President Donald Trump's signature $3.9 trillion tax-cut bill as the Senate begins closed-door talks this week on legislation that squeaked through the House by a single vote.
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The question of when the CEO would retire and who might succeed him has hung over JPMorganChase for years.
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Barry Habib, chief market strategist for Residential Finance, talks about why an uptick in purchase applications is good for the housing industry.
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We're hearing that the full-fledged recovery in the closely watched metropolitan Phoenix housing market shows no signs of abating.
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Do you embrace the concept of meeting real estate agents one on one? I hope so.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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