Mortgage Industry News
Rocket Mortgage Settles HUD Charges of Discrimination Against Native Americans
The settlement includes $65,000 compensation to the complainants. Continue Reading Rocket Mortgage Settles HUD Charges of Discrimination Against Native Americans
Mortgage Originations for Vacation Homes Down 40% in 2023
86% of second-home mortgages were issued last year to high-income buyers. Continue Reading Mortgage Originations for Vacation Homes Down 40% in 2023
US Foreclosure Activity Stabilized in April
Atlantic City, New Jersey, was the major metro with the highest foreclosure rate. Continue Reading US Foreclosure Activity Stabilized in April
Zillow: Mortgage Rates Could Hit 8.4% if US Debt Default Occurs
Mortgage payments on a typical home could be 22% higher by September. Continue Reading Zillow: Mortgage Rates Could Hit 8.4% if US Debt Default Occurs
Mr. Cooper Group Acquires Home Point Capital for $324 Million
The transaction comes one month after Homepoint agreed to sell certain assets of its wholesale originations channel to The Loan Store Inc. Continue Reading Mr. Cooper Group Acquires Home Point Capital for $324 Million
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