The Trump administration has studied the possibility of turning Fannie Mae and Freddie Mac into public companies while keeping them under conservatorship — one of several alternatives still under consideration, according to a Bloomberg report published Tuesday. The primary goal of the administration is to reduce the U.S. budget deficit and avoid any increase in […]
GSEs could go public while staying under government control Read More »
International demand for U.S. real estate ticked up in the first quarter of 2025, with foreign home shoppers increasingly turning their attention to Southern markets — particularly in Florida and Texas — according to a new report from Realtor.com. Miami ranked as the most-viewed U.S. city among international buyers, accounting for 8.7% of all foreign
International interest in US housing market is up Read More »
Citing an issue in which families across Nevada do not have the resources to compete with institutional investors that buy up single-family homes, Rep. Susie Lee (D) has called on Federal Housing Finance Agency (FHFA) Director Bill Pulte to offer transparency when out-of-state landlords purchase foreclosed single-family homes. Lee, who represents part of Las Vegas
Nevada lawmaker targets home purchases by institutional investors Read More »
Rocket Companies scored a win in a derivative lawsuit alleging insider trading by its primary stakeholder, Rocket Holdings, Inc. (RHI), an entity owned by founder and chairman Dan Gilbert, and its board of directors. The lawsuit stemmed from two complaints, one filed by the Doris Shenwick Trust in November 2021 and another by investor Christopher
Judge dismisses insider trading suit against Rocket’s Dan Gilbert Read More »
Sometimes a Tuesday is just a Tuesday for mortgage rates. In the present week, any day is capable of generating some volatility due to one of several economic reports on the calendar. This isn’t always the case, but the first week of any given month is action-packed when it comes to data. Econ data is
Uneventful Day For Mortgage Rates Read More »
This story has been updated with an analyst’s comments. Wells Fargo has finally broken free from the regulatory shackles that have constricted its growth for more than seven years. The Federal Reserve announced Tuesday that it has lifted the $1.95 trillion asset cap it imposed on Wells in 2018. The cap’s termination is a watershed
Wells Fargo sheds asset cap, ending seven years of handcuffs Read More »
Mortgage software provider Dark Matter Technologies is making electronic closing capabilities available on another of its loan-origination systems through a new agreement with Wolters Kluwer. The technology firm will offer e-closings on the Nova LOS platform, a system it added to its product suite alongside its primary Empower origination system in the latter half of
Dark Matter to offer e-close capabilities through Nova LOS Read More »
Rocket Cos. is offering a combined $4 billion in senior notes to pay some of Mr. Cooper’s ten-figure debt in anticipation of the major acquisition. The Detroit-based fintech said Tuesday it wants to sell $2 billion of senior notes due 2030 and an additional $2 billion of senior notes due 2033, unconditionally guaranteed by Rocket
Rocket plans to raise $4B to pay off Mr. Cooper debt Read More »
Loandepot announced a new source of funding collateralized by certain cashflows from mortgage servicing rights that will allow it to redeem other similar financing due this October. The private offering of term notes secured by MSRs has an aggregate principal balance of $200 million and is somewhat similar to other financing vehicles other large nonbanks
How Loandepot managed some MSR financing maturing this year Read More »
Feds have terminated a consent order against a mortgage lender feds accused of “systemic racism” in the Philadelphia region. A federal judge Monday approved the government’s request to terminate its deal with Trident Mortgage, just over two years before it was set to expire. Attorneys with both the Consumer Financial Protection Bureau and the Department
Feds close $22 million redlining order with lender early Read More »