The regulator renewed his fight with the policymaker after the latter left the rates he oversees unchanged and distinguished them from those for mortgages.
The company's mortgage segment, Zillow Home Loans will be its primary emphasis going forward, leaders said in their earnings report.
The company's mortgage operations posted a $24 million pretax profit thanks to servicing, while loan production saw a loss.
Total mortgage origination volume is forecasted to barely eclipse $2 trillion by the end of the year for the first time since 2022, iEmergent said.
Growth in multifamily and investment property mortgage originations, the highest risk segments, drove the 6% rise in the National Fraud Index, Cotality said.
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While still higher than the norm, the reduction in this spread is good news when it comes to mortgage rates for potential homebuyers as well as current owners.
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The Federal Deposit Insurance Corp. said Tuesday that bank profits slipped slightly in the second quarter as the Capital One-Discover merger drove provisions higher. Loan growth, deposits and insurance fund reserves showed positive signs despite ongoing credit issues.
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Successfully taking out Cook would give Trump the chance of gaining a majority of his picks on the seven-member Board of Governors. The board is scheduled in February 2026 to vote.
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Fintech loan provider Knock said the transaction will allow it to accelerate funding for its bridge financing originations, which surged 126% year over year.
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Fed cut talk fuels hopes of lower mortgage rates. A drop could expose multiple buckets of $200B–$300B in MBS to refi risk, shifting the mortgage market.
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President Trump posted a letter on social media addressed to Federal Reserve Gov. Lisa Cook, informing her that he was terminating her due to allegations of mortgage fraud. The move is likely to tee up an unprecedented legal fight over the Fed's independence.
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Heightened regulatory oversight of servicing rights transfers means servicers must clamp down on processes while investors take stock of their own procedures.
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Arthur Chu became the third largest money winner on Jeopardy! by bucking the usual strategy for the game, and it is a lesson for originators and their referral partners.
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The rapidly changing environment in the mortgage industry requires executives to have a more comprehensive vision for executing effective change management strategies.
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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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