Rocket started offering consumer loans through its RockLoans platform in 2016, in partnership with Cross River Bank.

The average price for new homes sold in June declined by 2.0% on a monthly basis.

Home price appreciation has been cooling amid elevated interest rates and declining demand for home purchases.

Barry Habib, the founder and CEO of MBS Highway, was appointed to the board of Fannie Mae.

The nonbank originated $37.88 billion of loans in the second quarter, up 31.0% from the first quarter.

Among other differences, Congress doesn’t appear to be budgeting for a reduction in force at HUD.

While home prices are up, the average loan balance on mortgage applications is declining.

The latest regulatory review centers on banking operations, capital and the Community Reinvestment Act.

While many of these tools have been included in GSE automated underwriting systems for some time now, both Fannie and Freddie are highlighting the role of third-party data, income modeling and rent recognition in reducing friction and expanding the pool of mortgage-eligible borrowers.

Goldman has issued two other HELOC securitizations since May 2024, leaning on loans from United Wholesale Mortgage.