Maria Volkova is a technology reporter at National Mortgage News. She previously worked at HousingWire where she covered housing agencies, with a focus on the Department of Housing and Urban Development and the Department of Veterans Affairs. Prior to that, Maria wrote the FHA/VA newsletter at Inside Mortgage Finance. She graduated from the University of Maryland and currently resides in Chevy Chase, MD.
Meanwhile, home prices are set to grow 3 to 4% in 2025, a Fitch report predicts.
Federal Reserve Chair Jerome Powell said insurance companies and banks are already pulling out of disaster-prone areas, which could pose problems.
Some mortgage stakeholders say Trump's tariffs would make interest rates rise and housing costs shoot up.
On an annual basis, home prices grew by 4.2% in November, FHFA's index found.
Paying off debt and making home repairs are the top reasons homeowners choose a cash-out refinance, per the bureau's report.
Over 300 ex-Flagstar employees, initially acquired by Mr. Cooper, will transition to A&D Mortgage.
Newrez's servicing arm approved an "obviously counterfeit" HELOC request from a bad actor totaling almost $500,000, a complaint claims.
The watchdog accuses Rocket Homes and The Mitchell Group brokerage of initiating a plan to generate origination business for Rocket Mortgage.
Rocket argues it was unfairly tied to discrimination accusations, arguing the government aimed for "headline-grabbing claims" to bolster its case.
Investors bought 15.9% of U.S. homes sold in Q3, according to Redfin, a level similar to 2018 and 2019, when the share was around 14%.