Merger discussions between Rocket Companies and Mr. Cooper Group started in October 2024. The transaction was announced in March only after Rocket made several revisions to its initial offer.

Acra, a top player in the non-qualified mortgage market, has a new CEO, Shawn Stone.

Mortgage hiring moved forward in June but not by much amid uncertainty on the outlook for interest rates.

Increasing home insurance premiums have caused delays in mortgage closings, according to Matic, an insurance carrier.

Some $324 million in congressionally appropriated funding for the CDFI Fund has yet to be released by the Trump administration.

The bill is now headed to President Trump’s desk; Frank Cassidy nominated for FHA commissioner.

The trade group said the Appraisal Modernization Act would limit lenders’ ability to help consumers during changing market conditions and create legal and operational issues for mortgage lenders.

Amid litigation and disagreements among industry participants over the Section 1033 open banking rule, the CFPB said it will soon issue a revised version of the rule.

The proposed FDIC Board Accountability Act would strip the CFPB director’s voting rights on the Federal Deposit Insurance Corp. board.

The court found that ESSA Bank & Trust hasn’t substantially complied with the DOJ’s 2023 consent decree, contrary to assertions by the Trump administration.