Trump orders immediate expansion of US timber production
Trump issued an executive order that calls for the immediate expansion of U.S. timber production to increase the supply of American lumber.
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Do mortgage rates have room to drop lower?
Treasury Secretary Bessent said the housing market is about to “unfreeze.” Can mortgage rates go even lower than we’ve seen since Jan. 14?
A&D Mortgage announces $459M RMBS transaction
The RMBS deal, done in partnership with Imperial Fund Asset Management and Clearwater Analytics, is expected to close on March 13.
Longbridge parent again touts reverse mortgage performance in Q4 earnings
Ellington Financial continued to tout the performance of Longbridge and teased a potential new product in development.
Rocket showcases strategic pivot on Q4 earnings call
On Thursday’s earnings call for Q4 2024, the company reported that it generated net revenue of $1.8 billion and adjusted revenue of $1.2 billion, with the latter figure coming in at the high end of Rocket’s expectations.
CFPB dismisses TILA lawsuit against Vanderbilt Mortgage
The bureau dropped a case in which it accused the lender of granting borrowers “unaffordable loans” that caused some to lose their homes.
NRMLA announces first event of 2025
The reverse mortgage trade association announced that its Western Regional Meeting will be held April 29 in Irvine, California.
Glenn Kelman, Redfin eye profitability in 2025
Redfin executives believe the company has made the necessary adjustments and investments to grow in 2025 after another net loss in 2024.
Texas Capital Bank enlists reverse mortgage expert’s opinion in Ginnie Mae lawsuit
The bank enlisted a former FOA executive to offer an expert report, but the judge says he needs to know the government’s perspective on it before moving ahead.
CFPB nominee McKernan commits to protecting older Americans from financial abuse
Jonathan McKernan, the CFPB director-designate, said in his confirmation hearing that he will ensure older Americans are protected from financial exploitation.