Operations
As regulatory roll-backs loom over financial sectors, the CFPB says consumers' financial data rights are states' to forfeit
Rocket generated $29.8 billion in net rate lock volume during Q3, a 43% increase over last year
While monthly principal, interest, and property tax obligations are up an average 15-17% since the beginning of 2020, the average monthly property insurance payment is up a staggering 52% over that same period.
Panelists at MBA's annual event agree GSEs have neglected to facilitate mandatory adoption of new credit scoring models, set to take effect in the fourth quarter of 2025.
Preparation and opportunity diverged into one during RCN Capital’s August 2024 record-breaking month.
Mr. Cooper's servicing portfolio ended the third quarter at over $1.2 trillion
The report noted a 5% increase in programs for first-generation homebuyers
More layoffs are expected following Mr. Cooper mortgage servicing sale expected to close during the fourth quarter
Non-QM lender touts move as part of expansion effort
Eager for relief but fearing further losses, industry executives offer insights on a volatile mortgage market in transition.