Rocket Companies Inc. wrapped up 2025 with higher revenues and growing mortgage activity, the company reported Thursday in its fourth-quarter and full-year 2025 earnings report. For the full year, Rocket reported total revenue of $6.7 billion and a GAAP net loss of $234 million, or $0.05 per diluted share. On an adjusted basis, revenue was […]
Rocket grows revenue to $6.7B, expands market share in 2025 Read More »
President Donald Trump highlighted taxes, inflation and trade in his State of the Union address on Tuesday evening, but he made only a passing reference to housing, leaving affordability largely unaddressed to the chagrin of housing professionals. Housing professionals had expected a larger discussion on mortgage rates, homeownership initiatives and the policies introduced since Trump
Housing leaders say Trump’s plan must go deeper than lower mortgage rates Read More »
Addy AI, a loan officer workflow platform, announced this week a partnership with ICE Mortgage Technology to integrate with the Encompass loan origination system. The integration, which aims to help loan officers spend less time reading PDFs, chasing documents and interpreting findings, is designed to address delays that often occur in the middle of the
Addy AI integrates with ICE Encompass for loan officer workflows Read More »
Mortgage applications increased 0.4% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Feb. 20. On an unadjusted basis, the index increased 2% compared with the previous week. The seasonally adjusted purchase index decreased 5% from one week earlier. The unadjusted purchase index
Mortgage applications rise slightly as rates move closer to 6% Read More »
So, you finally discovered ChatGPT, Claude or whatever shiny AI toy your nephew told you about. Congrats! You’re officially part of the future of marketing! Ok. Not really. Not the way you’re doing it. Here’s a scene being played out way too often lately. Someone types “write me a LinkedIn post about title insurance” into
Let’s be real. We can do better when it comes to using AI in marketing. Read More »
Cypress, California-based LenderMac Holdco LLC has agreed to acquire Direct Mortgage Corp. in a move aimed at expanding its geographic footprint and building a multichannel mortgage platform, the companies announced Tuesday. Financial terms of the deal were not disclosed. “This acquisition represents an important step in our long-term growth strategy,” Kenneth Jo, CEO of LenderMAC,
California-based LenderMac to acquire Direct Mortgage Read More »
AI-powered mortgage underwriting platform Friday Harbor announced Tuesday the launch of a new set of tools called Income and Asset Sandbox, which are designed to help loan officers structure income and asset decisions earlier in the origination process. The tools allow lending teams to test how different income streams, assets and supporting documents affect a
Friday Harbor adds income and asset scenario testing for LOs Read More »
Intercontinental Exchange Inc. (ICE) is seeing an “overwhelmingly positive” response from mortgage servicers in response to its newly updated MSP platform user interface, as servicers view the update as the first step in a broader push toward automation and AI-driven efficiencies. The update marks the first phase of a broader modernization of ICE’s MSP, highlighted by
ICE’s Matt Dowd: MSP updates are ‘just a foundation’ for AI journey Read More »
The Campaign for Accountability (CfA), a nonpartisan watchdog group, has filed a lawsuit against the Federal Housing Finance Agency. The group alleges the FHFA failed to comply with a Freedom of Information Act (FOIA) request that sought access to a report prepared by FHFA Director Bill Pulte about Federal Reserve Chair Jerome Powell. CfA submitted
Watchdog lawsuit seeks FHFA records tied to Powell subpoenas Read More »
Zillow is seeking to have the consolidated Taylor-Armstrong Real Estate Settlement Procedures Act (RESPA) lawsuit dismissed. The real estate giant filed its motion to dismiss in U.S. District Court in Seattle on Friday. The lawsuit, which was consolidated in early December, began in mid-September, when plaintiff Alucard Taylor filed his initial complaint. Taylor alleged that
Zillow seeks dismissal of consolidated RESPA lawsuit in Seattle Read More »