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Author name: Ricky Vasquez

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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How the Trump/Musk dispute could influence mortgage rates

Donald Trump, Elon Musk, Federal Reserve, Housing Market, HWmember, Mortgage Rates, Politics, Tariffs /

Today marked a significant development in the ongoing dialogue between President Trump and Elon Musk, as their relationship appears to have reached a critical point of conflict. The question for those in housing is: How could this impact mortgage rates moving forward? The 10-year yield saw a slight increase earlier as it reacted to the

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Zillow: Luxury housing market slowed in April

Home Prices, Homebuying, Housing Market, HWmember, Luxury Real Estate, Real Estate, Zillow /

The luxury housing market lost momentum in April as financial uncertainty prompted many high-end buyers and sellers to hold off on transactions, according to a new report from Zillow. Defined as the top 5% of home values in each region, the typical luxury home in the U.S. is now valued at about $1.8 million. Despite

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Legal fight between Longbridge and Mutual of Omaha continues

California, HWmember, Lawsuit, Longbridge Financial, Mutual of Omaha Mortgage, Reverse /

In the ongoing lawsuit between two leading reverse mortgage lenders over allegations of improper advertising practices, both parties recently conferred in front of a magistrate judge, but did not reach a settlement. That’s according to the court docket reviewed by HousingWire’s Reverse Mortgage Daily (RMD). The lawsuit between Longbridge Financial and Mutual of Omaha Mortgage

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