Mortage

A federal watchdog will probe specific alleged job cuts at the Department of Housing and Urban Development in response to concerns from Democrats. The Government Accountability Office, a nonpartisan federal…

In spite of investor qualms, Rocket Cos.’ purchase of Mr. Cooper is likely to clear regulatory hurdles, analysts at Keefe, Bruyette & Woods commented. The deal was announced before the…

Mortgage lenders saw expenses rise throughout 2024 as they heavily invested in growing out and supporting personnel, according to filings with a government agency. Independent mortgage banks ramped up hiring…

The Federal Housing Administration issued a waiver on quality-control reviews for some newly distressed mortgages in Southern California, as homeowners continue to recover from January’s destructive wildfires. The FHA mandates…

Bloomberg News The Department of Justice has gone back to a district court to appeal a preliminary injunction that blocked the Trump administration from dismantling the Consumer Financial Protection Bureau.…

The spring home buying season is chugging ahead despite stalling mortgage rates and economic uncertainty.  The level of purchase applications last week reached their highest level since January, the Mortgage…

Loan applicants and mortgage companies often rely on an Internal Revenue Service that’s dramatically downsizing to help facilitate the lending process, but they may be in luck. That’s because the…

In the wildfires that devastated Los Angeles earlier this year, most of the buildings destroyed were homes. But many commercial properties were caught in the flames as well, and the…

Rocket Mortgage is fighting a homeowner’s attempt to latch onto a federal enforcement lawsuit the Trump administration is seemingly intent on continuing.  The lender last week filed a motion to…

In five years, the national median average home price has increased by 20%, even when adjusted for inflation, according to a Bankrate analysis of Redfin data. This means the average…