President Trump’s attempt to fire Federal Reserve Governor Lisa Cook over mortgage fraud allegations has been called part of a larger crackdown, which suggests there could be value in looking at potential changes it points to for lenders. Housing regulator Bill Pulte has claimed alleged fraud findings like Cook’s are not political, in contrast to […]
Cook allegations suggests new mortgage fraud priorities Read More »
The Federal Housing Finance Agency (FHFA) said Tuesday it has allowed Fannie Mae and Freddie Mac to approve Rocket Companies’ planned acquisition of Mr. Cooper Group, noting the combined company should not exceed a 20% counterparty risk limit set for the government-sponsored enterprises (GSEs). Detroit-based Rocket announced in March that it would acquire Mr. Cooper
FHFA clears Rocket’s $9.4B acquisition of Mr. Cooper, with safeguards Read More »
The Local Initiatives Support Corp. (LISC) has appointed Valerie White to lead its national housing team — expanding her role beyond her current position as senior executive director of LISC New York. White will oversee the organization’s national housing investments — which total $30.4 billion to date — with a focus on expanding access to
LISC appoints Valerie White to lead national housing strategy Read More »
Real estate analytics and valuation firm Clear Capital has formed a partnership with CAPE Analytics, offering a new automated property condition tool for home equity lenders. The collaboration introduces an Automated Property Condition Report (aPCR) and an inspection cascade designed to speed up loan processing and ensure compliance with investor requirements. The aPCR uses high-resolution
Clear Capital partnership introduces automated property condition reports Read More »
Howard Hanna Real Estate Services is continuing its growth efforts. On Tuesday, the firm announced its acquisition of Coastal Properties, which serves clients in the Lowcountry regions of South Carolina and Georgia. The financial terms of the deal were not disclosed. Howard Hanna said the acquisition accelerates its growth in the Southeast and marks the
Howard Hanna enters Georgia with latest acquisition Read More »
The Hispanic Organization of Mortgage Experts (HOME) on Tuesday announced the launch of what it claims to be the mortgage industry’s first bilingual learning management system (LMS), HOME Certified, powered by Twiz.io. The organization also introduced Wholesale Search, an AI-powered tool built on ChatGPT that takes mere seconds to match borrowers with lenders who offer
HOME launches bilingual learning system and AI-powered wholesale search tool Read More »
The U.S. land market is rapidly losing momentum, with demand falling to levels not seen since late 2022, according to Q2 2025 data from John Burns Research & Consulting. Only 28% of land brokers describe demand as strong, down sharply from 76% a year ago. The pullback marks a steep reversal after two years of
US land market cools as demand, deals dry up Read More »
A Michigan judge ruled on Friday that Rocket Mortgage’s noncompete provisions are void and unenforceable, dealing a blow to the lender in its long-running legal battle with Swift Home Loans, its founder Andi Numan and several former employees. The decision, issued by Judge Brian R. Sullivan of the Third Judicial Circuit of Michigan, cites the
Michigan judge strikes down Rocket Mortgage noncompete provisions Read More »
Federal Reserve Governor Lisa Cook plans to sue President Donald Trump after he attempted to fire her on Monday, citing allegations of mortgage fraud. The case has renewed concerns over the Fed’s independence and added fresh volatility to financial markets. “President Trump has no authority to remove Federal Reserve Governor Lisa Cook. His attempt to
Fed’s Lisa Cook to sue Trump over attempted firing Read More »
Planet Financial Group LLC, the parent of national mortgage lender Planet Home Lending, on Tuesday reported strong growth across its servicing, origination and asset management channels in the second quarter of 2025. The company — which also does business under the name Planet Loan Servicing and asset manager Planet Management Group — grew its total
Planet Financial posts 64% annual growth in residential originations Read More »