Mortgage and housing leaders react to Senate passage of GOP megabill
NAR, MBA and BAC executives weighed in on housing priorities in the massive tax-and-spending legislation
Rocket closes $1.75B Redfin acquisition
The deal aims to create a ‘one-stop shop for homeownership’
Wildfire risk is an escalating crisis for lenders
Lenders who do not adjust could be putting themselves in danger
Reverse mortgages help lenders stand out in tight market
The reverse mortgage market will likely expand as stigma fades and awareness increases
Alternative lending offers new pools for lenders to wade in
Both household names and niche players are wading into the non-QM pool
FHA rescinds a series of mortgage policies in cost-cutting blitz
HUD Secretary Scott Turner positioned the policy changes as ‘bold, necessary and long overdue’
Power Moves: Notable mortgage industry additions and promotions in June
HUD, the Fed, EPM, NAMB and BAC are just a few of the mortgage-related entities with notable personnel moves in June
Pulte: FHFA reviewing credit bureau policies
The Federal Housing Finance Agency director had previously pledged to investigate FICO price hikes
Fannie and Freddie jointly launch U.S. Fin Tech, replacing CSS
The new entity takes over a $6.5 trillion mortgage-backed securities portfolio
Use of cryptocurrencies for loan assessments: ‘What could possibly go wrong?’
Industry experts liken crypto to ‘poker chips’ and draw comparisons to the 2007 housing market crash