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June 2025

FHA tweaks updates to loss mit options, ‘face-to-face’ rule

Distressed, Politics and policy, Servicing /

The Federal Housing Administration has revised updates planned for rules around contacting and offering options to distressed borrowers. The FHA has removed required outreach at particular times from a planned transition to permanent loss mitigation options from temporary pandemic contingencies, and also is tweaking modernization of what were originally “face-to-face” meeting requirements. Overall, the new […]

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Closed-end seconds lead overall home equity loan growth

HELOCs, Marketing, MARKETING TO BORROWERS, Originations, Servicing, Underwriting /

Closed-end home equity loan annual growth outpaced its line of credit cousin in the fourth quarter, increasing 13% above its high point from a year ago, the TransUnion first quarter Home Equity Trends Report found. Total home equity origination, in which TransUnion counts first mortgage refinance activity as well (although it does not distinguish between

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Treasury yields tumble as wagers on September fed rate cut grow

Economic news, Mortgage Rates, Treasury bonds /

Treasury yields tumbled after weaker-than-expected gauges of job creation and service-sector activity strengthened traders’ conviction that the Federal Reserve could cut interest rates as soon as September. Two- to 10-year yields reached the lowest levels since at least May 9 after the ISM Services gauge for last month signaled contraction for the first time since

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House SALT deal must change, Senate leader says

SALT deduction, Tax, Tax deductions, Trump tax plan /

Senate Majority Leader John Thune believes the deal that led the House to increase the maximum deduction for state and local taxes to $40,000 will have to be changed in his chamber, according to his office.   The Senate has begun deliberations over President Donald Trump’s massive “Big Beautiful Bill” that narrowly passed the House on

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Roadblock for Redfin shareholder vote on Rocket merger removed

Industry News, Law and legal issues, M&A, Redfin, Rocket Mortgage /

A Redfin shareholder vote planned for today, June 4, will proceed as planned, according to legal documentation published by a Washington federal court Tuesday. The vote is one of the final steps for closing Rocket Companies’ $1.75 billion acquisition of the real estate brokerage. In early May, plaintiff Jason Morano, a Redfin shareholder, sued the

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SFR giant Invitation Homes starts lending to homebuilders

Housing Inventory, Housing markets, REALTORS & HOMEBUILDERS /

Invitation Homes is stepping into the lending business, loaning $32.7 million to a Texas developer for a Houston housing project.  The single-family rental giant said the loan to the unnamed builder will support 156 homes, and it will have the option to purchase the project. The publicly traded company, which owns or manages over 110,000

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JPMorgan Chase Chief Financial Officer Marianne Lake

JPMorgan hands more duties to Lake, seen as a CEO contender

Consumer banking, International banking, JPMorgan Chase, People Moves, Succession planning /

Jin Lee/Bloomberg JPMorganChase & Co. is putting Marianne Lake, one of the leading contenders to one day take over for Chief Executive Officer Jamie Dimon, in charge of strategic growth and the firm’s fast-growing overseas consumer bank. The appointment follows the departure of Sanoke Viswanathan, who’s leaving to become CEO of the data company FactSet,

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US home purchase applications gauge declines to a five-week low

Mortgage applications, Originations /

US mortgage applications for home purchases declined to a five-week low even as rates eased from the highest level since late January. The Mortgage Bankers Association’s index of applications for home purchases decreased 4.4% to 155 in the week ended May 30, which included the Memorial Day holiday. The contract rate on a 30-year mortgage

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KKR builds record $42 billion private real estate loan pipeline

CMBS, CRE, KKR, Securitization /

(Bloomberg) — KKR & Co. has a record volume of commercial-property financings lined up, and expects more deals as property prices reset and other lenders pull back amid market volatility. The investment firm’s pipeline has reached an all-time high of $42 billion, the second such record set this year, according to a Tuesday note by

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Understanding Today’s Mortgage Rates: Is 3% Coming Back?

Buying Tips, First-Time Buyers, For Buyers, Mortgage Rates /

A lot of buyers are pressing pause on their plans these days, holding out hope that mortgage rates will come down – maybe even back to the historic-low 3% from a few years ago. But here’s the thing: those rates were never meant to last. They were a short-term response to a very specific moment

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