Industry economists project that interest rates on mortgages will peak during the third quarter...

Not all lenders are cutting staff...

Rocket has “kind of fallen off the deep end,” according to Mat Ishbia, chairman and CEO of United Wholesale Mortgage.

Varun Krishna will also be CEO of Rocket Mortgage.

The MBA reports that new home purchases up 26.1%; Six First Republic private client banking teams join Flagstar; Redfin finds home prices are up 2.1% year-over-year; First Horizon announces new client-focused podcast.

Second quarter mortgage banking revenue at USB came in at $161 million compared to $128 million in 1Q23.

Up until the subprime crisis, Mozilo was one of the most admired and well-respected residential lending executives in the nation.

Pennington worked for Movement for 15-plus years...

Several top lenders have outsourced originations of home equity lines of credit to Figure.

Since early 2022, lenders of all stripes have been laying off workers to right-size their operations for leaner times.