Paying off debt and making home repairs are the top reasons homeowners choose a cash-out refinance, per the bureau's report.

The acquisition adds mortgage warehouse lending to Minnesota's Stearns Bank, the latest to offer the service during a multiyear period that has seen several new entrants and exits.

The organization founded in 2022 has been a vocal advocate for passage of a trigger leads bill, which was axed in a congressional spending bill in December.

Newfi initially established its partnership with residential transition loan provider Dunmor in June 2024 to help it open up funding capacity and establish its presence in the lending segment.

The website combines Rocket's mortgage, real estate and financial tools under one site.

Cases involving accusations of redlining, kickbacks, underpaid employees and more swept across the mortgage industry in recent months.

Industry leaders and mortgage trade groups expressed hope that Bill Pulte's nomination to head the agency could result in more housing supply.

Over 300 ex-Flagstar employees, initially acquired by Mr. Cooper, will transition to A&D Mortgage.

The nominee to lead Federal Housing Finance is head of Pulte Capital Partners, which invests in homebuilding related businesses.

The FCC is advising homeowners nationwide to stay alert for scam calls impersonating their mortgage lenders, particularly if they have applied for loan relief.

Gov. Gavin Newsom modeled his latest order on a similar ban imposed in Hawaii following the 2023 Maui wildfire that aimed to protect community wealth.

Lawsuits challenging the Consumer Financial Protection Bureau's final rule on medical debt are the latest issues facing banks ahead of Donald Trump's return.

Rocket Companies has unveiled a refreshed logo and announced plans to rename some of its businesses, hinting at more updates set to be revealed on February 9.

The lenders with similar production volume combined their branch network on opposite sides of the country.

Banks seeking to offload CRE assets are finding a receptive marketplace while regulators have managed to keep the situation in balance, observers say.

The Department of Justice argues that mortgage lenders, including Rocket Mortgage, should be held accountable for the work of third-party appraisers.

A couple of influential mortgage industry veterans serve on the board of the latest company backing the new nonprofit capital-markets advocacy group.

The FCC's one-to-one consent rule will make it mandatory for lenders to obtain consumer consent to receive robocalls and texts.

A total of 158,152 individuals requested an MLO license as of Jan. 1, data from CSBS shows.