EMJ Capital's founder posted thesis on X that Better Home & Finance is 'the Shopify of mortgages' with the potential for AI to boost capacity and fuel explosive growth over the next 2 years.
UWM and Pennymac are pricing jumbo loans of up to $819K as if they were conforming, ahead of an official announcement by Fannie and Freddie's federal regulator in November
At $2 per share, the latest offering of 3M shares is priced nearly 3 times higher than a March raise, when the North Carolina-based real estate brokerage was flirting with delisting
Lower courts have ruled Cook can continue to serve on the central bank's board while she challenges the Trump administration's move to fire her over unproven mortgage allegations
Recent Trump appointee Stephen Miran was the lone dissenter in Wednesday's 11-1 vote, holding out for a bigger, 1/2 percentage point rate cut advocated by the president
Homebuyer loan applications flooded in last week at the 2nd-highest level of the year. Demand for adjustable-rate mortgage loans is at the highest level since 2008
A new $100M credit facility with Texas Capital Bank will enable vacation home loans to be originated by a 3rd party, then securitized and sold to investors in non-qualified mortgages
Trump appointee Stephen Miran confirmed as Fed governor in 48-47 Senate vote, but appeals court upholds ruling that Lisa Cook can stay on board while she contests legality of removal order
Judge rules that appraisal independence regulations do not preclude lenders and appraisal management companies from taking action to remedy biased appraisals
The blockchain-powered home equity lender says it has not only revolutionized the process of originating mortgages, but financing them by making it easy for investors to trade them
The silver lining in deteriorating consumer confidence is that the weaker job market means the Fed is expected to slash rates several times this year and next, even as tariffs fuel inflation
Initial jobless claims climbed last week to the highest level since Oct. 23, 2021, but investors and economists are expecting 3 small rate cuts this year rather than a dramatic move on Sept. 17
Applications for purchase mortgages hit their highest level since July last week, and rates keep falling as weak jobs reports and more encouraging inflation data point to Sept. 17 Fed rate cut
Trump's move to fire Cook likely violated her right to due process, and 'for cause' provision for removal is limited to behavior in office, judge rules in granting preliminary injunction
Rebenchmarking that suggests the US added 911K fewer jobs than previously thought generates political heat but was widely expected by economists and investors
A major player in correspondent lending, Pennymac is looking to provide more loans directly to consumers through a strategic partnership and investment in mortgage software provider Vesta
After the bill takes effect in March, credit bureaus will still be able to sell trigger leads to a borrower's current mortgage lender, loan servicer, or any bank or credit union they have an account with
Andrew Left's controversial research firm has a thesis: Trump will win the 'war on housing,' and loanDepot's mortgage servicing business is hugely undervalued
Investors who fund most home loans are no longer wondering whether the Fed will cut rates this month, but by how much. At least 3 quarter-percentage point rate cuts are now expected this year
Cook's attorneys say she did not commit mortgage fraud and is being targeted by the Trump administration to undermine the Federal Reserve's independence
