If Quicken Loans goes public this year, its valuation will be in the tens of billions of dollars, making it one of if not the biggest initial public offerings in 2020. So reports The Detroit News.

Mortgage rates have drifted higher but remain historically low amid conflicting economic data. So reports MoneyWise.

The UK Financial Conduct Authority has slapped Lloyds Bank with a fine of £64 million ($81 million) for mishandling the mortgages of financially distressed customers. So reports Reuters.