The deal size increased by nearly 30% compared with Rocket's initial plans.

Libby Cantrill, a managing director and head of public policy at PIMCO, warned that the administration’s concept is beset with problems.

Some 75% of Hovnanian homebuyers who received a mortgage from the company used a buydown during the fiscal third quarter this year.

Sens. Bill Cassidy, R-LA, and Cory Booker, D-NJ, are seeking feedback on potential reforms to the National Flood Insurance Program.

Refi deliveries declined by 22.4% from June.

The issue dates to 2020, when Two Harbors moved to terminate its management agreement with Pine River Capital Management for cause.

Jay Promisco, president at Sierra Pacific Mortgage, said agentic AI can be used to manage the entire loan process.

Most lenders will likely continue to follow existing laws and maintain responsible practices, according to a managing director at a bank’s investment division.

The new relationship will increase Two Harbors’ third-party subservicing business to $31 billion in unpaid principal balance.

The retail segment, with a market share of 42.7%, maintained a narrow lead ahead of correspondents in the second quarter.