Both companies have invested heavily in AI. But while Rocket consistently earns high marks for loan servicing, Mr. Cooper's J.D. Power rankings have been subpar for more than a decade
Economists at Fannie Mae and the Mortgage Bankers Association differ on how much room mortgage rates have to come down and how fast home price appreciation will cool
Purchase loan requests are up 3% from a week ago and 22% from last last year even as mortgage rates climb to highest level in 4 weeks, Mortgage Bankers Association survey shows
After turning a $198M Q2 profit, CEO Jay Bray says the loan servicing giant intends to 'hit the ground running' with integrated platform when it merges with Rocket Companies later this year
Mortgage broker Elliman Capital, a 'strategic alliance' with Associated Mortgage Bankers Inc., will offer traditional and specialty loan products 'from multiple national and regional lenders'
114 posts in July alone raise 'significant questions about your judgment and commitment to operating FHFA in a responsible, competent, and lawful manner,' Senator scolds regulator
Both of the money-losing iBuyers had been warned they could face delisting, but investors have taken a fancy to the companies — which have both posted triple-digit gains in July
Doma claims Upfront Title can saves borrowers 40% to 70% on title insurance and that in a trial run with Mr. Cooper the solution cut loan cycles by 3 days and saved borrowers hundreds of dollars
Opendoor, which posted a $392M 2024 net loss and faced delisting from the Nasdaq Stock Market, has seen shares surge 283% in the last month
Trump administration would probably lose court battle, lawyers reportedly advise White House, and markets would react badly, 'The Wall Street Journal' editorial board warns
As new scoring models by Fair Isaac and VantageScore vie for acceptance by Fannie Mae and Freddie Mac, claims and counterclaims fly. For now, mortgage giants are stuck with FICO Classic
Purchase loan applications came in last week at the slowest pace since May, as renewed concerns about the impact of tariffs drive up mortgage rates and weigh on consumer sentiment
Once selling guides are updated, lenders will have the option of using either VantageScore 4.0 or the Classic FICO scoring model, but FICO Score 10 T remains in limbo, FHFA says
Inflation moved away from the Fed's 2% target for the second month in a row, with the cost of goods and services rising 2.7% from a year ago, up from 2.3% in April: Bureau of Labor Statistics
Like New York AG Letitia James, senator denies lying on mortgage applications and decries 'baseless attempt at political retribution' that won’t stop him from holding Trump accountable
Central bank refutes allegations by Trump administration officials that a headquarters renovation project has been mismanaged and that Powell lied to Congress about its specifics
FHFA Director Bill Pulte is reportedly 'on thin ice' with several Trump administration officials over lack of communication on new Fannie Mae and Freddie Mac credit score policy
Title insurers wanted to put the brakes on a pilot program that uses automated title reviews to allow some homeowners to refinance their mortgage without having to pay for title insurance
OMB Director Russell Vought put accusations that Federal Reserve Chair Jerome Powell lied to Congress about a $2.5B renovation of the Fed's headquarters in writing Thursday
Rates are on the rebound again as investors weigh how Federal Reserve policymakers will view a strong June jobs report and the Trump administration's threats to impose new tariffs in August
