Lower is acquiring a top-five ranked real estate portal to create an "end-to-end homeownership platform" to rival Rocket Mortgage.

Close to 300 former employees could be eligible for the settlement once it is officially approved later this year.

The allegations against New York's attorney general involve transactions that occurred over decades, but James called the charges political retaliation.

The mortgage fintech looks to transition to a model of strategic platform partnerships rather than offer its own closing services as it simplifies operations.

The Arizona-based mortgage brokerage claims a former director of training is keeping the domain name of its loan officer training website hostage.

Mortgage delinquencies were up in March, according to data from Intercontinental Exchange.

The $1.15 billion agreement earmarked for general corporate purposes can increase to $2.25 billion pending the lender's acquisition of Mr. Cooper.

Advisers who work on acquisition deals emphasize the importance of being open and transparent with employees about potential changes and differences in a new workplace.

The tool's launch comes as various sources report growth in both serious borrower delinquencies and foreclosure activity over the first few months of 2025.

Fitch says large nonbank lenders are positioned to gain share as they manage debt maturities and outlast smaller rivals hit harder by market volatility.

The company reported a profitable first quarter and called for loosened regulation to bring more private capital into home finance in its latest earnings call.

The company maintained its guidance for the year as the bottom line returned to the black in the first quarter, officials reported in an earnings call.

Citizens Financial Group's promotion of Brendan Coughlin to company president comes at the same time as CFO John Woods prepares to leave for State Street. Both executives have been viewed as potential successors to CEO Bruce Van Saun.

The wholesale lender dubbed the development a "huge win" for itself and the broker community.

The portfolio of offerings includes a buy-before-you-sell product as well as loans geared toward small-business owners, gig workers and real estate investors.

The subsidiary of Amerant Bank trimmed 58 of its mortgage-related employees, leaving just 20 workers to focus exclusively on Florida-based customers.

David Spector, the firm's CEO, touted Pennymac's technology, consistency and support for the broker channel.

Doug Duncan may be retired from Fannie Mae, but not from the housing market—his new firm is ramping up with writing, speaking, and advisory work.

The industry's largest servicer, which agreed at the end of the quarter to be acquired by Rocket, had a $82 million write-down due to shifting interest rates.

Don Layton, former Freddie Mac CEO, and self-proclaimed "GSEologist" predicts that a release of the two entities will occur within four to six years.