The Federal Reserve held its benchmark interest rate steady Wednesday in a target range of 3.5% to 3.75%. The decision was widely expected as little has changed since December in the balance of risks tied to its dual mandate of maximum employment and price stability, economists said. “Available indicators suggest that economic activity has been […]
Federal Reserve keeps benchmark rate unchanged Read More »
On the back of stronger estimated financial earnings, Onity Group — the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage — raised $200 million through a debt offering to qualified investors on Monday, exceeding its initial target of $150 million. The offering came amid the release of preliminary fourth-quarter 2025 financial results, with
Onity Group raises $200M in debt, reports strong estimated Q4 earnings Read More »
President Donald Trump on Tuesday announced an executive order that allows the federal government to override state and local regulations during recovery efforts from last year’s Los Angeles wildfires, arguing that California authorities have slowed rebuilding. The order directs federal agencies to bypass state and local permitting processes for federally funded disaster recovery projects, asserting
Trump executive order overrides Los Angeles wildfire rebuilding plan Read More »
The Trump administration has proposed nearly flat payment rates for private Medicare plans in 2027, a move that could significantly affect insurers that rely heavily on the Medicare Advantage program. The Centers for Medicare and Medicaid Services (CMS) said payments to Medicare Advantage plans would rise by an estimated 0.09% on average in 2027 —
White House proposal would keep Medicare Advantage rates stable in 2027 Read More »
Brian Brown, chief financial officer and treasurer for Rocket Companies, expects continued improvement in the mortgage market in 2026, building on momentum that emerged in the second half of 2025. “If you look at the mortgage forecasts, it depends on which one you choose, but they’re up anywhere from 8% to 25% based on the
Rocket CFO touts ‘all-weather’ model as mortgage market improves Read More »
Mortgage servicing technology provider Vertyx on Tuesday announced the release of a new Borrower Relationship Management capability that aims to help servicers and investors identify borrower retention and recapture opportunities earlier in the loan life cycle. The new feature is part of Vertyx’s end-to-end mortgage servicing platform, which is designed to help institutions monitor portfolio
Vertyx adds AI-powered borrower retention tools to servicing platform Read More »
The Resident Group, a Los Angeles-based, Side-backed real estate team, is welcoming Kevin Stewart to the team from The Agency. The team announced Stewart’s move on Monday. Stewart closed 15 transaction sides in 2024 for a total sales volume of $31.76 million, according to RealTrends Verified data. He is joining the team as a Resident
RealTrends Verified agent Kevin Stewart joins The Resident Group as partner Read More »
The Federal Reserve is set to wrap up what’s expected to be an uneventful two-day meeting on Wednesday. Mortgage rates remain in the low-6% range and aren’t likely to swing one way or the other as policymakers should keep benchmark rates unchanged. Mortgage News Daily reported Monday that 30-year fixed rates averaged 6.17%, down 4
Mortgage rates steady ahead of Fed’s January meeting Read More »
Lower mortgage rates are driving increased housing demand in 2026, as shown by another positive week in our Housing Market Tracker data. Both weekly pending home sales and purchase application data posted gains last week — both week over week and year over year. My work over the years indicates that housing demand strengthens when
Lower mortgage rates boosting demand early in 2026 Read More »
Inherited homes accounted for a record share of U.S. property transfers in 2025, a shift in how housing supply reaches the market and challenging expectations that aging baby boomers who wish to downsize will unlock a surge of homes for sale. New data from Cotality shows that about 340,000 U.S. properties were transferred through inheritance
Don’t count on the ‘silver tsunami’ for housing inventory surge Read More »