HUD's Office of Housing Counseling is partnering with Zillow to display HUD’s “Let’s Make Home the Goal” on Zillow's digital platforms.

Khalil Kanaan, head of residential mortgage at LibreMax, an asset manager that has invested in home equity investments, said the products offer unlevered returns in the low double digits.

Loan applications are increasing as mortgage interest rates decline.

Growth in first-lien holdings occurred outside of the top three banks, which all shrank their portfolios in the second quarter.

“These rules must be updated, and your efforts to stop regulators from doing so is unjustified and harmful,” Sens. Elizabeth Warren and Maxine Waters wrote in a letter to the Chamber of Commerce and the American Bankers Association.

In the first six months of 2024, Rocket had a market share of 10.5% in the wholesale channel, according to estimates by Inside Mortgage Finance, while United Wholesale Mortgage’s market share stood at 43.1%.

Carlyle, an investment firm, agreed to purchase up to $300 million of Unison's new equity-sharing mortgage products.

The broker share of originations declined from 19.1% in the first quarter to 18.2% in the second quarter, according to a new ranking and analysis by Inside Mortgage Finance.

The average interest rate on a 30-year fixed-rate mortgage declined to 6.20% this week, according to Freddie Mac.

Mat Ishbia, president and CEO of UWM, said “retail competitors and large servicers are intensely working to solicit” borrowers who received their existing mortgages through brokers.