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June 2025

Bowman’s reform agenda targets ratings, supervision, capital

Bowman’s reform agenda targets ratings, supervision, capital

Minimum capital requirements, Politics and policy, Regulation and compliance, Trump administration /

Federal Reserve Gov. Michelle Bowman, who was confirmed as the central bank’s next vice chair for supervision this week.Bloomberg News Bank ratings, examination practices and capital requirements are all poised for reforms under the Federal Reserve’s new chief regulator. In her first speech since being confirmed as Fed vice chair for supervision, Michelle Bowman outlined […]

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Traders reel in Fed cut bets as strong job data drags on bonds

Economic news, Mortgage Rates, Treasury bonds /

Treasuries slumped after stronger-than-expected US job and wage growth prompted traders to trim bets that the Federal Reserve will cut interest rates this year.  The Friday selloff lifted yields across maturities by as much as 10 basis points, led by shorter-dated tenors more sensitive to Fed rate changes. The benchmark 10-year note’s rate rose eight

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Senators ask FHFA to pause plans to privatize Fannie, Freddie

Fannie Mae, FHFA, Freddie Mac, GSE Reform, Politics and policy /

A group of Democratic senators, including Elizabeth Warren and Chuck Schumer, asked the director of the Federal Housing Finance Agency to pause any efforts to privatize mortgage finance companies Fannie Mae and Freddie Mac. President Donald Trump said on social media last month that he’s considering a public stock offering for the two government-backed enterprises,

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Jobs numbers dash hopes for rate cut, mortgage hiring rises

Economic indicators, Mortgage Rates, Originations, Politics and policy /

May’s slightly stronger than anticipated employment data dampened lenders’ hopes for further downward pressure on rates in the immediate future, as they added incrementally to payrolls for the spring homebuying season. U.S. employers overall added 139,000 jobs last month, above consensus expectations for around 130,000. Unemployment remained stable at 4.2%. Nonbank mortgage employment, which is

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RatePlug’s new tool creates, nurtures real estate leads

RatePlug’s new tool creates, nurtures real estate leads

Digital marketing, MARKETING TO BORROWERS, Mortgage technology, Originations /

Even though some mortgage industry economists are expecting existing home sales to improve this year, affordability remains an issue holding many consumers back from acting. On the lender side, the competitive landscape for whatever leads are in the market is getting tougher because of the uncertainty around mortgage rates. A new offering from RatePlug looks

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Low credit scores in non-QM verge on 10% default rate

Distressed, Risk management, Secondary markets, Servicing, Underwriting /

Nonqualified mortgage performance over the past decade has varied broadly by segment while generating relatively few credit losses on average, a new Kroll Bond Rating Agency study shows Weighted averages show losses from a 3.8% cumulative default rate have been just 0.03%, but the CDR is far higher for a market segment like borrowers with

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RealTrends Verified agents and teams deliver big gains

Agent, Compass, Keller Williams, LeadingRE, RE/MAX, Real Estate, RealTrends Verified Rankings /

Even in a housing market squeezed by low inventory and high interest rates, the real estate industry’s top performers continued to rise. More than 45,000 agents and teams secured a spot on the 2025 RealTrends Verified rankings, showing that experience and execution still drive success even in challenging conditions. Among them, those ranked in RealTrends

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Tensions rise between trade groups over lumber tariffs

Home Prices, Homebuilders, REALTORS & HOMEBUILDERS /

A lumber trade group is taking issue with the National Association of Home Builders’ stance against President Trump’s proposed tariffs on Canadian wood products.  Following comments made on Fox Business earlier this week by NAHB CEO Jim Tobin, the U.S. Lumber Coalition called out the homebuilders’ association, which has publicly spoken out against several of

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Senators scrutinize Rocket’s Redfin, Mr. Cooper deals

Industry News, M&A, Politics and policy, Rocket Mortgage /

Five U.S. Senators have called into question the lack of federal antitrust oversight of Rocket Companies’ proposed acquisitions of Redfin and servicing powerhouse Mr. Cooper. Lawmakers, including Sens. Elizabeth Warren, D-Mass, and Cory Booker, D-N.J.,sent a letter to the Justice Department’s Antitrust Division and the Federal Trade Commission demanding to know why the agencies did

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