The lawsuit accuses Rocket Homes of steering customers to its affiliated companies for mortgage loans and closing services.

The CFPB alleges that Rocket Homes provided real estate brokers incentives for steering homebuyers to Rocket Mortgage.

An estimated $60.00 billion of ARMs were originated in the third quarter, a 1.7% increase from the previous three-month period.

The lender contended that recent HUD guidance on appraisal reviews is contradictory to government mandates of appraiser independence.

UWM and Rocket believe they saw a preview of future origination trends during September’s brief rate-decline window.

Lenders originated $112.67 billion of FHA and VA loans in the third quarter — the highest quarterly volume for the government loan programs since the second quarter of 2022. (Includes three data tables.)

Issuance of Ginnie Mae mortgage-backed securities with refinance loans increased sharply for the third straight month in October. However, the refi business appears poised to slow as interest rates on mortgages increased through October. (Includes two data tables.)

FHFA plans for board structure changes; Justice Department sues Rocket over refi discrimination; Redwood markets jumbo ARM securitization; LoanCare launches digital recapture product.

Interest rates tick up, mortgage applications slow near the end of September and refi rate locks spike during the month; Annaly turns to Rocket for subservicing and retention; Fairway touts returning employees; mortgage tech developments; SitusAMC sells loan insurance entity.

Some lenders are hiking their loan limits for GSE deliveries ahead of FHFA’s announcement on conforming loan limits for 2025.