The Homeownership Preservation Foundation, Minneapolis, has reported a doubling in the number of homeowners calling its 888-995-HOPE hotline in the fourth quarter. The national hotline, which helps borrowers who are behind on their mortgage payments, received more than 143,000 calls in the fourth quarter, twice the total received in the third quarter and nearly 10 times that of the first quarter, the foundation said. More information on the hotline can be found on the Web at http://www.995hope.org.
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Mega investors, the smallest segment of non-owner occupied single family homebuyers, were responsible for one-quarter of the unit drop in second quarter sales.
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The company will begin direct-lending operations in its home state of California, before expanding across the U.S. over coming quarters, its executives said.
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Developments at Freddie Mac, Fannie Mae and factory-built housing innovator Boxabl point to some expanded ways to make mortgages or HELOCs.
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President Donald Trump Wednesday signed a continuing resolution to fund the government through December, averting a government shutdown at least until after November's elections.
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The 30-year FRM, as tracked by Freddie Mac, rose to a level last reached in July 2025, helped by the 10-year Treasury briefly topping the 4.8% ceiling.
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Rocket has seen more brokers move from United Wholesale Mortgage to its wholesale channel in the last 90 days than the previous 12 months combined, Chief Revenue Officer Austin Niemiec said.
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