Industry News
Coming Up:
Fannie Mae’s 1Q Earnings Fall; Officials Fear ‘Modest Recession’
Reported net income of $4.4 billion in the first quarter, down 15% from fourth quarter of 2022 and down 12% from first quarter of last year.
Fed Expected To Raise Rate By Half Percentage Point
Federal Reserve chairman Jerome Powell hinted at the likely increase in an April appearance.
FHA Loan Review System Back Online
The system was shut down several weeks ago while efforts were made to resolve various document errors
MNN: Bringing You The Big Picture And The Small Details
National Mortgage Professional debuts an all-new iteration of the Mortgage News Network.
UWM’s Ishbia Criticizes Rocket For Job Cuts
Fires at Rocket in LinkedIn post calling staff reductions ‘disgusting.’
Christensen Picked To Chair American Mortgage Diversity Council
Replaces Lola Oyewole, who will focus on diversity, equity, and inclusion in industry.
Mr Cooper Group
Not even a 325% increase in first quarter income was enough to shield Mr. Cooper Group from layoffs.
The Principal Teaser
Great conversations start with great stories. Tune into The Principal podcast daily for your deep dive into the big issue of the day.
