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May 2025

Redfin investor alleges lack of Rocket deal transparency

Industry News, Law and legal issues, M&A, Rocket Mortgage /

A Redfin stockholder is ringing the alarm regarding the imminent closing of Rocket Companies’ $1.75 billion acquisition of the real estate brokerage, filing a suit that claims that certain information was not disclosed to investors. Plaintiff Jason Morano alleges that Redfin submitted “materially incomplete and misleading” filings with the Securities and Exchange Commission in order […]

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US firms snap up short-term Treasuries to extend duration of cash holdings

Mortgage Rates, Treasury bonds /

US corporations with over a trillion in assets snapped up an unprecedented amount of short-term Treasuries when President Donald Trump announced a 90-day delay for most of his “Liberation Day” tariffs, according to Clearwater Analytics. Data tracked by the investment analytics firm of more than 800 primarily non-financial US-based companies show the buying was part

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Court allows fintechs to defend CFPB’s open banking rule

Court allows fintechs to defend CFPB’s open banking rule

Fintech, Litigation, Open banking, Regulation and compliance /

Bloomberg News A federal judge granted the Financial Technology Association the right to intervene in the Consumer Financial Protection Bureau’s open banking rule, allowing the fintech industry to defend a rule on consumer financial data rights that the Trump administration refused to uphold.   On Wednesday, U.S. District Court Judge Danny Reeves said the FTA has

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Ellington Financial’s latest MBS raises $345.8 million from investment properties

Barclays, MBS, Securitization /

A pool of 1,248 mortgage loans on a range of investment residential properties, including single-family homes, condominiums and multi-unit properties, will secure $345.8 million in mortgage-backed securities through the Ellington Financial Mortgage Trust 2025-INV2 transaction. The deal, EFMT 2025-INV2, offers notes through about nine tranches of class A, M and B notes, with X and

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Mortgage applications rise 1.1% as rates stabilize

Mortgage applications, Originations /

Mortgage shoppers submitted 1.1% more applications for the week ending May 9 than they did at the end of April, according to the Mortgage Bankers Association. The trade group’s Refinance Index also fell 0.4%, as volatility driven by economic uncertainty appears to fade.  Consumers watched rates for all but 15-year fixed-rate and jumbo mortgages rise,

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Fed vice chair focused on ‘hard data’ amid uncertainty

Fed vice chair focused on ‘hard data’ amid uncertainty

Economy, Inflation, Politics and policy, Tariffs /

Federal Reserve Vice Chair Philip Jefferson.Bloomberg News The Federal Reserve’s second-in-command is looking for solid evidence of the impact of tariffs before throwing his support behind changing interest rates. In a Wednesday morning speech, Fed Vice Chair Philip Jefferson said the central bank’s current monetary policy stance gives it the flexibility needed to respond to

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Stay the course: Why stability is a winning strategy for originators right now

Contributors, HWmember, Opinion /

Originators are entering the spring homebuying season with a set of new challenges: President Trump’s tariffs have disrupted markets, leaving an uncertain path forward in terms of housing construction and threatening homebuyers’ purchasing power. Meanwhile, the Fed has signaled a rate cut will likely be further delayed amid continued inflation concerns. In a market full

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Trump’s CFPB drops more than half of all pending litigation

Trump’s CFPB drops more than half of all pending litigation

CFPB News & Analysis, Consumer banking, Enforcement, Litigation, Regulation and compliance, Trump administration /

The former headquarters of the Consumer Financial Protection Bureau with signage removed.Catherine Leffert The Consumer Financial Protection Bureau has dismissed or withdrawn more than half of its pending enforcement cases as the Trump administration clears the docket of work it inherited from the Biden era.  Since February, acting CFPB Director Russell Vought has dismissed 17

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Fathom stays optimistic about agent compensation plan even as losses mount

Brokerage, Earnings, Fathom Holdings, HWmember, Real Estate, Real Estate Agents /

Fathom Holdings Inc. is under pressure to turn its business around, and CEO Marco Fregenal thinks its new agent compensation model can do that. On the company’s first-quarter earnings call on Tuesday, Fregenal touted Elevate, which provides agents with a 20% commission split and support systems to streamline their work. Launched at the beginning of

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