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June 2026

Windermere promotes founding family member Lucy Wood to regional director

Brokerage, HWmember, Oregon, People Movers, Real Estate, Seattle, Washington, Windermere Real Estate Services /

Windermere Real Estate has promoted Lucy Wood to regional director for western Washington and Oregon, placing her in charge of the company’s largest operating region. The appointment expands Wood’s leadership responsibilities across more than 170 offices and strengthens the company’s presence throughout the Pacific Northwest, leaders said. Headquartered in Seattle, Windermere operates more than 300 […]

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Onity approved to sell reverse MSRs to Finance of America

Finance of America, Ginnie Mae, HWmember, Mergers and Acquisitions, Mortgage, Mortgage Servicing, MSRs, Onity Group, Reverse, Reverse Mortgage Daily /

Onity Group Inc. won regulatory approval for a revised sale of most of its reverse mortgage servicing rights to Finance of America (FOA), the company said Tuesday. Under the new agreement, Onity will sell MSRs on about 20,000 Home Equity Conversion Mortgages (HECMs) with an unpaid principal balance of $5.1 billion as of March 31.

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Mortgage rates at 6.71% as purchase demand holds up

Cotality, Federal Reserve, HWmember, Keefe, Bruyette & Woods, Mat Ishbia, Monetary policy, Mortgage, Mortgage Rates, Mortgage Rates Center /

Rates for 30-year conforming mortgages stayed above 6.7% this week, but housing market activity has been resilient as weekly pending sales and purchase loan demand are up slightly compared to this time last year. At HousingWire’s Mortgage Rates Center on Tuesday, 30-year conforming loan rates averaged 6.71%, while rates for 30-year jumbo loans averaged 6.73%

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Fannie, Freddie shares dip as Pulte’s added role raises questions

Fannie Mae, FHFA, Freddie Mac, GSEs, Mortgages, Politics and policy /

While President Trump is entrusting Bill Pulte with the nation’s biggest secrets, shareholders in Fannie Mae and Freddie Mac are losing some faith. Processing Content Shares for the government-sponsored enterprises dipped after the president’s announcement Tuesday that the Federal Housing Finance Agency director would be acting Director of National Intelligence. Pulte, also chairman of both

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Onity updates reverse mortgage deal, preps share buyback

Onity updates reverse mortgage deal, preps share buyback

Capital markets, Reverse mortgages, Secondary markets, Servicing /

Onity Group announced Tuesday that it was able to get an essential approval for a reverse mortgage transaction with Finance of America by reducing the amount of servicing rights it’s agreeing to sell. Processing Content The plan the company announced in its recent earnings call to get government securitization guarantor Ginnie Mae’s blessing by roughly

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Mortgage fraud risk drops 9%; investor loans a concern  

Fraud, Housing markets, Mortgage Fraud, Underwriting /

The risk for mortgage fraud in loan applications decreased 9% on both a quarter-to-quarter and annual basis but problems remain with submissions for both investor and multifamily properties, Cotality said. Processing Content The first quarter ended with approximately 1-in-129 mortgage applications having some indicator of fraud, putting the Cotality National Mortgage Fraud Application Risk Index

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VA finalizes new distressed borrower assistance

Distressed, Mortgage technology, Mortgages, Servicing, The VA /

The Department of Veterans Affairs has unveiled new procedures for distressed borrowers with mortgages it partially guarantees, including an option that may help many who got loans at lower rates than are currently available in the market. Processing Content The VA will be ready to accept the legislatively-mandated partial claim that addresses the interest rate

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FHFA’s Pulte tapped for acting director of national intelligence

FHFA’s Pulte tapped for acting director of national intelligence

Political Risk, Politics, Politics and policy, Trump administration /

Key insight: Federal Housing Finance Agency Director Bill Pulte will be President Donald Trump’s acting director of national intelligence.  What’s at stake: Pulte will remain at FHFA, where he’s used the agency’s resources and data to attack the Trump administration’s political enemies, including Sen. Adam Schiff, D-Calif., and Federal Reserve Gov. Lisa Cook.  Forward look:

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Fed warned on shrinking balance sheet in lookback at Powell era

Federal Reserve, Secondary markets /

The Federal Reserve should avoid any move to significantly shrink its balance sheet, two prominent economists warned Tuesday — arguing against a strategy that the US central bank’s new chairman has specifically called for. Processing Content “There may be changes that would pass a cost-benefit test that would shrink the Fed’s balance sheet somewhat,” Christina

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