February 2026

ICE reports strongest mortgage revenue in over 3 years

Profits for Intercontinental Exchange’s mortgage technology operations remained in the black for the third straight quarter, as the company touted its software adoption even as customers adjusted for recent slowdowns in volume.   Processing Content Revenues for the mortgage unit increased to approximately $532 million in the fourth quarter, increasing from $528 million in the previous […]

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Mortgage rates nudge higher as markets stay jittery

Mortgage rates rose again in the first full week following the Federal Open Market Committee’s decision not to reduce rates during its January meeting. Processing Content Following the meeting, Pres. Trump nominated Kevin Warsh, a former Fed governor, to replace Jerome Powell as chairman. Warsh is seen by the markets as someone who is more

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Rocket sues broker over repurchases in case involving UWM

Rocket Mortgage is suing a broker for originating loans for his customers with United Wholesale Mortgage days before the Detroit giant funded additional loans for those same borrowers. Processing Content The lender’s repurchase lawsuit, filed Tuesday in Michigan, does not accuse UWM of wrongdoing, nor does it name the company as a defendant.  The complaint

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Urban multifamily looks like the new subprime

Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now During 2025, the normal caution that usually accompanies matters of finance was suspended. Many stocks and asset classes from AI to crypto tokens achieved lofty heights based upon less than realistic appraisals much

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Calls to rethink FHFA credit changes grow with FOIA reveals

Calls to rethink FHFA credit changes grow with FOIA reveals

Newly released documents from a Biden-era Freedom of Information Act filing by the Housing Policy Council are reigniting debate over credit score modernization at Fannie Mae and Freddie Mac, showing internal resistance to VantageScore 4.0 and skepticism about using a single credit report.   Processing Content HPC highlights two takeaways from the redacted FOIA responses: that

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Lady Gaga featured in Rocket, Redfin Super Bowl ad

Once again Rocket Mortgage will advertise in the Super Bowl, this time featuring Lady Gaga singing a song meant to tug at the heartstrings. Processing Content The megastar will sing “Won’t You be my Neighbor,” the theme song from Mr. Rogers Neighborhood. The company wants to build upon the emotional foundation created with its commercial

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Lenders anticipate more revenue, but split on hiring plans

Most lenders expect to make more money this year, but aren’t committing to increase hiring. Processing Content Those sentiments are part of a largely bullish forecast by mortgage professionals in the National Mortgage News Predictions 2026 survey. A combined 84% of respondents said they expect a slight to significant increase in revenue this calendar year

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How one CDFI is navigating the chaos in Minneapolis

Key insight: WomenVenture, a Minneapolis-based Community Development Financial Institution, has assisted 108 small businesses seeking emergency assistance as federal immigration enforcement operations strain revenues and workforces across Minnesota. Forward look: The organization is establishing an emergency rapid response fund with other Minnesota CDFIs and community foundations, while navigating uncertainty around the CDFI Fund, which provides

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