Rocket’s integrations of Redfin, Mr. Cooper lift Q3 results above forecasts
Rocket CEO Varun Krishna said that Q3 2025 marked the strongest purchase and refinance quarter for the company in the past three years.
Mortgage
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Debate heats up around GSEs’ potentially larger role as MBS buyers
Overall, the perception is that having new buyers of MBS would be positive for the industry, although some question whether the GSEs would be the best actors to play this role.
Fed prepares to pivot balance sheet, with potential ripple effects for mortgages
A growing number of economists believe the Federal Reserve is close to announcing the end of its quantitative tightening (QT) program — a move that could have wide-reaching implications for the mortgage industry.
Optimal Blue comes out swinging on price-fixing lawsuit
Optimal Blue CEO Joe Tyrrell responds to a class action lawsuit alleging mortgage price-fixing, calling the claims baseless and absurd.
Xactus announces partnerships for income, employment verification efforts
Xactus integrates Thomas & Co., Argyle and Plaid into Xactus360, enhancing access to income, employment and asset data for lenders.
Tech Pulse: MLS AI debate; CoStar disputes Zillow announcement
Explore the latest real estate technology trends like Zillow’s ChatGPT integration, eXp’s AI assistant and UWM’s new broker tools.
Fannie Mae names new head of single family and acting general counsel
Fannie Mae has promoted Jake Williamson and Tom Klein to lead its single-family business and general counsel’s office, respectively.
Memo reportedly undercuts mortgage fraud allegations against Letitia James
Prosecutors reviewing the mortgage occupancy fraud case against New York Attorney General Letitia James determined there is evidence that undercuts the allegations against her, according to an ABC News report based on sources.
Deephaven’s record-breaking month driven by non-QM business
Deephaven is finding success through non-QM loans, second liens and home equity options as gig economy workers seek mortgage solutions.
Fannie Mae names Peter Akwaboah as acting CEO
Fannie Mae appoints Peter Akwaboah as acting CEO, marking a significant leadership change as current CEO Priscilla Almodovar departs.