Blackstone Inc., one of the largest institutional owners of single-family homes in the US, is launching a new lending platform for homebuilders. Processing Content The venture, supported by Blackstone affiliate Brio Homebuilder Solutions, aims to help build more than 50,000 homes annually so they can be sold to the public, the investment giant said in […]
Blackstone to offer loans to help build 50,000 US homes a year Read More »
Applications for government-guaranteed or insured mortgages made up almost one-third of the week’s volume for the period ended May 1, the Mortgage Bankers Association said. Processing Content Rates for these loans tend to be lower. The Mortgage Bankers Association only provides rate data for the Federal Housing Administration-insured loan, which averaged 6.12% for the week,
2026 Top Producers of government-guaranteed mortgages Read More »
Rocket Cos. came oh-so-close to reclaiming the top spot among mortgage originators in the first quarter. Processing Content The company, which acquired Redfin and Mr. Cooper last year, had closed loan volume of $44.7 billion. Its Detroit rival, United Wholesale Mortgage, ended the period with $44.9 billion. Pennymac trailed with $37 billion. But when asked
Rocket nearly tops UWM with $44.7B in recapture-driven volume Read More »
President Trump signed new legislation this week aimed to facilitate mortgage lending and open up homeownership to members of Native American communities across the U.S. Processing Content Sponsored by members of South Dakota’s congressional delegation, the Tribal Trust Land Homeownership Act sets new timelines for the review and processing of mortgage applications involving properties on
Trump signs bill to expedite tribal mortgage lending Read More »
The 30-year fixed rate mortgage gained another 7 basis points this week, Freddie Mac reported, but the point-to-point movements do not tell the whole story. Processing Content Even as the 30-year FRM averaged 6.37% for the period ended May 7, the Freddie Mac Primary Mortgage Market Survey reported, observers noted rates trended lower the last
Mortgage rates rise, but there are signs of moderation ahead Read More »
A bank is fighting the Federal Reserve Board of Governors to roll out a loan program involving real estate purchases that the lender says it needs to compete with local independent mortgage banks. Processing Content Upstate New York-based Canandaigua National Corp. is contesting the Fed Board’s decision in the 2nd U.S. Circuit Court of Appeals,
Bank fights Fed to offer cash guarantee mortgages Read More »
Women made up approximately one-third of the submitted entries to this year’s Top Producers survey, and three of them did over $100 million in volume in 2025. Processing Content Tammy Saul of Federal Hill Mortgage led the way with a total volume of $235.7 million. Had she not been omitted from the original listings due
Top female mortgage originators of 2025 Read More »
Finance of America turned a profit in the first quarter following two consecutive periods of losses. Processing Content The Texas-based reverse mortgage company posted a net income of $35 million last quarter, a significant jump from the $21 million loss recorded in the fourth quarter, but still well below the $80 million it made in
Finance of America returns back to profit in first quarter Read More »
Higher pretax income from its originations business in the first quarter versus comparative period was offset by lower earnings related to servicing for PennyMac Financial Services. Processing Content The company reported net income of $82.3 million for the first quarter. This compared with $106.8 million for the fourth quarter and $76.3 million for the first
PennyMac 1Q profit falls as servicing drags on results Read More »
Figure Technology Solutions announced its second partnership over the past month, this time with an AI-powered working capital company focused on expanding and democratizing access to financing for small- and medium-sized businesses. Processing Content The collaboration with Credibly will help Figure grow its presence in the SMB lending space, one of the company’s fastest growing
Figure partners with Credibly to expand SMB lending Read More »