The consent order could have little effect as Luminate Home Loans was folded into Luminate Bank last year and continues to originate mortgages.

Interest rates on mortgages held steady last week, according to Freddie Mac or they rose, according to the MBA; odds of Two Harbors investors approving acquisition by United Wholesale Mortgage decline.

Mortgage rates inched higher this week after the U.S. and Israel carried out attacks in Iran, sparking fears of higher energy costs.

Austin Niemiec, chief revenue officer at Rocket Mortgage, will now head the lender’s wholesale channel as it looks to expand partnerships with brokers.

Lenders that focus on non-qualified mortgages are optimistic that originations will continue to increase this year.

Lenders expect ARM originations to continue to rise even as interest rates have begun to decline.

The Supreme Court struck down some of President Trump’s sweeping tariffs, but duties remain on raw building materials.

Opendoor said its mortgage platform took just 10 weeks to build and is currently in beta. Bed Bath & Beyond, on the other hand, plans to foray into mortgage lending through inorganic growth.

Across every demographic, Americans want to be homeowners, but there are numerous barriers to getting there, with rising inflation, mortgage rates, home prices and even increasing rents.

The lawsuit attracted amicus briefs from the Mortgage Bankers Association and the National Consumer Law Center.