Mortgages

Dubbed Fairway Home Insurance Agency, the new business is the latest to emerge from agreements struck between mortgage lenders and The Baldwin Group brokerage.

The company also revealed more about the impacts of its data breach, and said it doesn't consider the development likely to materially affect its results.

The fourth quarter results integrated the operations of both Redfin and Mr. Cooper into Rocket Cos., with the deals likely contributing to the full year loss.

Rocket Mortgage and Compass launched a three-year Redfin listing partnership, expanding access to 500,000+ homes, with executives saying they see no RESPA compliance issues.

While overall delinquencies eased in January, foreclosure starts jumped to their highest point since early 2020, signaling growing strain among late-stage borrowers despite steady mortgage performance.

The national median payment applied for by purchase applicants rose from $2,025 in December to $2,070 last month, according to the Mortgage Bankers Association.

In their decision to send the case to a lower court, appellate court judges said the servicer's handling of borrowers' mortgage payments was still unclear.

Willamette Valley Bank cited consumer shifts to nonbanks and stubborn interest rates behind the decision, joining a line of institutions to exit since 2025.

For the first time since early September 2022, the Freddie Mac Primary Mortgage Market Survey has the 30-year below 6%, but the 15-year gained this week.

Even with the increase in business, Fidelity National Financial reported a net loss for the period, a result of the stock distribution for its life unit.

While originators are not the primary focus of the Homebuyers Privacy Protection Act going into effect on March 5, the way they do business is going to change.

The lender announced a partnership with Framework Ventures that aims to provide $500 million in credit through an integration into the Sky stablecoin ecosystem.

Total consumer debt in the United States hit $18.2 trillion by the end of last year, with $12.8 trillion attributed to first mortgages, according to Equifax.

The merger adds strengths of Direct Mortgage's conventional and government segments to the Lendermac platform, supporting the latter's growth ambitions.

For five of the six private mortgage insurers, the surge of originations during the fourth quarter led to more new business versus the prior three months.

Aulene Wessel also previously worked in the fintech sector, and will be heading up accounting in her new post at the nonbank mortgage lender and servicer.

Even after a servicing write-down, the GAAP net income of $164.4 million during the fourth quarter substantially topped comparative periods at UWM Holdings.

The bank announced Tuesday its Blueprint for Housing Opportunity plan, a five-year commitment dedicated to increasing the supply of housing.

The contract rate on a 30-year mortgage dropped 8 basis points to 6.09% in the week ended Feb. 20, according to Mortgage Bankers Association data released Wednesday.

The agreement between servicing technology platform Vertyx and Great Lakes Credit Union arrives as the mortgage industry sets its focus on borrower retention.