Austin Niemiec, chief revenue officer at Rocket Mortgage, will now head the lender’s wholesale channel as it looks to expand partnerships with brokers.
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 nonconforming market continued to gain share during the fourth quarter. In all of 2025, the nonconforming sector accounted for 20.9% of first-lien originations, up from a 16.6% share in 2024. (Includes two data tables.)
The Trump administration claimed that federal courts have no authority to prevent it from carrying out its duties, while the NTEU argued that blocking a planned reduction-in-force at the CFPB is essential to ensure the agency still exists at the conclusion of the lawsuit.