Investors finally returned to the stock market Wednesday, driving the Dow Jones industrial average up nearly 300 points. Many mortgage industry stocks saw double-digit gains on the day, with shares of Fannie Mae and Freddie Mac each rising by more than 13%. Title insurer LandAmerica Financial Group's shares rose 24% on the day, closing at $6.84. Fidelity National Financial's shares rose 22%, closing at $17.32. One exception was IndyMac Bancorp. The company's shares fell 7%, with the stock closing at $4.36 after Moody's Investors Service withdrew its debt ratings on the company. Strength in the financial sector overall helped the DJIA rise 299 points, or 2.5%, to close at 12,270 on Wednesday.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
6h ago -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
9h ago -
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
February 6 -
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
February 6 -
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




