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Fannie Mae 1Q Profits Climb Despite Lower Revenues

Fannie Mae 1Q Profits Climb Despite Lower Revenues

Thursday, 04 May 2023
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Fannie Mae has announced first-quarter net income of $3.78 billion, more than double the fourth quarter of 2022 but down 14% from a year earlier. So reports NEXTMortgageNews. Read more...
Ishbia on Rocket’s Gilbert: “He Doesn’t Like Me and I Don’t Like Him”

Ishbia on Rocket’s Gilbert: “He Doesn’t Like Me and I Don’t Like Him”

Thursday, 04 May 2023
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United Wholesale Mortgage CEO Mat Ishbia has used some pointed words to address the rivalry between himself and Rocket Mortgage owner Dan Gilbert. So reports The Detroit Free Press. Read more...
Rocket CEO Farner’s Pay Nearly Quintuples in Final Year

Rocket CEO Farner’s Pay Nearly Quintuples in Final Year

Thursday, 04 May 2023
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Jay Farner, set to retire as CEO of Rocket Companies on June 1, received total compensation of $9.469 million last year, up from $1.603 million in 2021, according to a regulatory filing. So reports The Detroit News. Read more...
Bodnar of MMG: Bonds Like Bad News

Bodnar of MMG: Bonds Like Bad News

Friday, 28 April 2023
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"First Republic's problems late on a Friday are good news for rates," observes Bill Bodnar of the Mortgage Market Guide. "Bonds like bad news." Read more...
Many Homeowners Fear Giving Up Lower Rates: Survey

Many Homeowners Fear Giving Up Lower Rates: Survey

Friday, 28 April 2023
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A new survey has shed light on how many homeowners are putting off selling their homes this buying season because they don’t want to give up their current lower rates. So reports Yahoo! Finance. Read more...
Impac Mortgage’s Stock Delisted from NYSE American

Impac Mortgage’s Stock Delisted from NYSE American

Friday, 28 April 2023
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NYSE American has delisted Impac Mortgage’s common shares from trading on the exchange. So reports NEXTMortgageNews. Read more...
CFPB Targets Time-Barred 'Zombie Mortgages'

CFPB Targets Time-Barred 'Zombie Mortgages'

Friday, 28 April 2023
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The Consumer Financial Protection Bureau has warned debt collectors against pursuing debt on so-called “zombie mortgages” after the statute of limitations. So reports DSNews. Read more...
Mortgage Rates Tick Up for Second Week in a Row

Mortgage Rates Tick Up for Second Week in a Row

Friday, 28 April 2023
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U.S. long-term mortgage rates have edged upward for a second consecutive week. So reports MReport. Read more...
Rocket’s Gilbert Must Face Insider Trading Suit, Judge Rules

Rocket’s Gilbert Must Face Insider Trading Suit, Judge Rules

Sunday, 23 April 2023
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A class action shareholder lawsuit claiming insider trading by Rocket Companies, Rocket Holdings, chairman Dan Gilbert and Rocket CEO Jay Farner may go ahead, a Detroit federal judge has ruled. So reports The Detroit News. Read more...
Mortgage Delinquency Rate Falls to Record Low: Black Knight

Mortgage Delinquency Rate Falls to Record Low: Black Knight

Sunday, 23 April 2023
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According to Black Knight’s “First Look” report on monthly mortgage performance data, the U.S. mortgage delinquency rate dropped to a record low of 2.92% in March.  Read more...

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