Origination

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.

The federal government has largely stepped back from enforcing antidiscrimination laws in lending and housing. Under a recently passed bill, regulators in the nation's most populous state would seek to fill the void.

Merging Fannie Mae and Freddie Mac may not be possible but there is a variation that maintains competition and adds efficiency, according to one shareholder.

As part of a broader expansion of its profit and loss production network, Rate is bringing former Fairway employees Vito Roppo and Nick Ferrante onboard.

United Wholesale Mortgage launched a "first-of-its-kind" ChatGPT plugin that connects borrowers with independent mortgage brokers across the country.

With the 10-year Treasury yield hitting a 19-month high, mortgage industry executives are bracing for a tougher-than-usual end of year.

Workforce solutions firm 3N Performance agreed to a Washington consent order after officials found it had engaged in unlicensed processing and underwriting.

"The direction of travel is going to be higher yields from here," said Laura Cooper, global investment strategist at Nuveen. "Term premium likely has to be higher to compensate for this confluence of risks." 

The nation's largest homebuilder is fending off accusations that it misled home buyers on their escrow estimates and saddled them with steep increases.

Bank of America Securities research shows this sector has had its best year since at least 2017, but some trends in the market point to a need for caution.