Two Harbors wants UWM to return its $25 million termination fee
The REIT accused the wholesale leader of hiding its massive market gamble during the negotiations, which resulted in $741 million in losses.
Pulte, FHFA fraud crackdown heightens counterparty vetting risks
The Federal Housing Finance Agency has barred 51 people from working with Fannie Mae and Freddie Mac this year, the most suspensions in any calendar year.
Home prices trail inflation again: where growth still holds
Price gains slowed to a crawl from May to June, specifically in the West, but Central and East Coast regions showed steady year-over-year gains.
Shift to purchases: Higher rates squeeze 2026 refi volume
The Mortgage Bankers Association lowered its refi expectations by 5% this month, as rising mortgage rates are dampening borrowers' positions.
Rocket Mortgage refutes the latest consumer TCPA lawsuit
Lenders are still frequent targets of the class action complaints over unwanted mortgage solicitations, violations that have netted litigants big paydays.
Budget for 6.3% rates through 2027, Fannie Mae warns
Economists at the government-sponsored enterprise have been lowering their single-family origination volume estimates for several months.
Mortgage rates fell but are shifting after FOMC forecast
A potential end to the Iran War could lead to economic recovery, suggesting sub-6% rates may be far off as monetary policy discussions take a hawkish tone.
Fannie, Freddie shares dip as Pulte’s added role raises questions
Analysts said Bill Pulte's new additional role as spy chief will further delay GSE privatization efforts, although that could change if he formally departed.
Two Harbors postpones CrossCountry acquisition vote
The delay preserves a lifeline for competing bidder United Wholesale Mortgage, which previously reached an agreement to acquire the servicer last year.
Fannie Mae single-family loan acquisitions reach 3-year high
The government-sponsored enterprise recorded $98.7 billion in single-family loan acquisitions to begin the year, including over $43 billion in refinances.
Mortgage credit hits three-year high entering spring market
The Mortgage Bankers Association found gains in March for conforming, jumbo and government-sponsored loan indices for the third consecutive month.
Supreme Court won’t hear mortgage firm’s appeal in CFPB case
The long-defunct Nationwide Biweekly Administration, accused in 2015 of deceptive marketing, has been ordered to pay a $7.93 million civil money penalty.
Some Florida distress grows as broader foreclosures waver
The number of homes with default notices, scheduled auctions or bank repossessions last month was down from January but up 20% from a year ago.
Hallmark Home Mortgage accused in Ponzi scheme lawsuit
A Florida man's racketeering class action case accuses two mortgage employees of conspiring with a homebuilder to facilitate fraudulent construction draws.
Effort to halt CFPB’s new PACE rules hits roadblock
A trade group for participants in the clean energy loan program argues the upcoming regulations will be too burdensome and costly for participants.
Better launches HELOC, CES wholesale channel
The lender, which reported over $200 million in home equity line of credit volume in the recent quarter, suggests the business can deliver massive scale.
Fed cuts but only some mortgage rates are moving lower
Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
Foreclosure starts jump 17% as borrower strain mounts
Properties with default notices, scheduled auctions and REOs are up by double digits compared to last summer as buyers are mired in a high-cost environment.
Black homeowners lose ground as job losses mount
Black homeownership fell to 43.9% this summer, its lowest since 2021, as rising unemployment and federal layoffs widened housing gaps across demographics.
Freddie Mac, ex-execs win in 2008 fraud suit
A pension fund has been suing former executives over two decades for misleading investors about the company's subprime holdings before the financial crisis.
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