Pulte says he’s canceled $6.4M in “DEI nonsense” at Fannie and Freddie
Bill Pulte posted multiple times Monday on X about rescinding DEI policies at FHFA, and sounded off on his view of the GSEs.
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Reports: Fannie Mae lays off 700 employees
Reports suggest that 700 people were laid off at Fannie Mae last Thursday and Friday, but no official announcements have been issued.
Lower mortgage rates are spurring housing demand
Without the recent tariff developments, the 10-year yield would not have dipped below 4% and mortgage rates would be higher.
Mortgage software firm RETR hires two executive leaders
Heidi Iverson is the company’s new vice president of growth and Anthony Savala is the new vice president of sales. Both are joining the firm effective April 7, RETR co-founder and CEO Steven Wynands said.
How are agents navigating the growing economic uncertainty?
Mortgage rates are down, but so is the stock market, leaving agents stuck in neutral as the height of the spring purchase market approaches.
Experts weigh usefulness of exclusive listings
A Bright MLS study found that nearly 90% of office exclusives eventually transition to a standard MLS listing before going under contract.
Longbridge has a new addition to its proprietary reverse mortgage suite
Platinum Peak aims to offer higher LTVs for borrowers, with Longbridge saying it could help those who previously came up short.
The lean, mean (illegal?) 1099 LO machine
A revealing look into the high-stakes (and legally murky) world of 1099 loan officers, recruiter tactics, and what some see as a blatant end-run around LO Comp rules.
Trump spares homebuilders on Canadian and Mexican imports, but China’s tariff hits hard
President Trump didn’t do homebuilders any favors by imposing a dramatic 54% tariff on China, a critical supplier of construction materials.
Judge rules in favor of Ginnie Mae in lawsuit brought by Texas Capital Bank
The case brought by TCB against Ginnie Mae has been ended via summary judgment in favor of the government. The bank has vowed to appeal.