Ginnie Mae announced that it issued $57.3 billion in mortgage-backed securities (MBS) during April, resulting in net portfolio growth of $18.9 billion. As of the end of last month, its MBS portfolio outstanding grew to $2.93 trillion. The April issuance included $55.3...
The Rocket Mortgage division of Rocket Companies (NYSE: RKT) has filed a lawsuit against United Wholesale Mortgage (NYSE: UWMC) claiming it breached the non-solicitation agreements linked to the sale of mortgage-servicing rights (MSR) to Nationstar Mortgage Group,...
Mortgage rates ticked down slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.36% as of May 14, a hair lower from last week’s average of 6.37%. A year ago at this time, it averaged...
Mortgage application activity was on the rise last week while mortgage credit availability was in decline last month, according to two new data reports from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan...
Douglas Elliman Realty LLC has expanded its Elliman Capital mortgage platform to the California market. The company launched the platform last July in Florida and brought it to New York in January. It is designed to support non-traditional borrowers such as...
Strongsville, Ohio-headquartered Union Home Mortgage has hired Dino Lack as chief information officer. In his new role, Lack will oversee the technology side of the lending experience through advanced workflow automation and strategic AI integration. He was previously...
Florida Lawmakers Pass Gov. DeSantis’ Property Tax Proposal
