There were reports of rates plummeting after new numbers Friday showed a notable drop in overall jobs but then moderating later in the day.

Last year, a New Jersey federal court sided with LoanCare's countersuit awarding it over $22 million in compensatory damages. Freedom was awarded $247,000 in damages.

The leading mortgage player posted another nine-figure profit, although its gain-on-sale margins slipped.

The Mortgage Assets Management deal and new name aim to position Onity as an diversified entity that can handle rate shifts like the currently anticipated one.

The parent company of Newrez saw mortgage segment profits of over $200 million and the successful close of its merger with Specialized Loan Servicing in the second quarter.

A fintech leader says his blockchain tech could help stakeholders buying and selling loans gain trust in one another.

Michigan-based University Bancorp is paying $30 million for a 50.5% stake in a business Voxtur acquired for $101 million in 2022.

The buyer said the all-stock deal to buy The First Bancshares would create a combined bank with $25 billion of assets.

Increasing immediate volume and preparing for future volume are drivers for a ramp up in LO hiring, mortgage lenders say. Recruiters warn, however, that operations professionals should also be hired to avoid bottlenecks in production.

Third-party origination operations are also going to Mr. Cooper in the $1.4 billion deal, in which the seller cited interest in improving its capital position.

Government data reports from June, though, point to an inauspicious start for new construction in the current quarter.

ACNB is acquiring Traditions Bancorp in an in-market deal where the latter's mortgage ops will add to its insurance and wealth management units.

The tool will streamline the LOs search for company mortgage offerings, guidelines and product-related questions, Guild said.

Test your knowledge of the biggest mortgage headlines, from international buying trends to NTRAPs. No. 2 pencil not required!

The Department of Housing and Urban Development and the Nationwide Multistate Licensing System also reportedly had disruptions.

The system update planned for July 20 will allow users to have one login to access all their NMLS accounts, among other modernization initiatives.

Rocket Mortgage relied on a biased appraisal when it denied a borrower's refinance application in Denver three years ago, the housing agency claims.

From changes in politics and policy to technology and industry trends, we share the biggest stories from the past few weeks.

Test your knowledge of the biggest mortgage headlines, from mortgage foreclosure timelines to CFPB proposals. No. 2 pencil not required!

United Wholesale Mortgage has introduced a product dubbed Govy125, a 125 basis points incentive on any note rate for VA IRRRLS and non-credit qualifying FHA streamlines.