Higher provisions for losses in the second quarter contributed to a 14.6% sequential drop in net income for the mortgage giant.

Lower head counts at the mortgage giant reduced administrative expenses by $145 million in the second quarter, though profits were still down 9% sequentially.

Home prices were down 0.2% on a monthly basis in May, according to FHFA.

"Your behavior raises significant questions about your judgment and commitment to operating FHFA in a responsible, competent and lawful manner," Sen. Elizabeth Warren, D-MA, wrote to FHFA Director Bill Pulte.

Some 85% of 2024 comp for Rocket's CEO Varun Krishna came from stock awards.

Jonathan Gould was the senior deputy comptroller and chief counsel at the OCC during the latter half of the first Trump administration.

In some regards, 2024 was a better, but trying, year for mortgage bankers. A handful of publicly traded shops gave nice pay raises to those in the C-suites. (Includes data table.)

Nineteen federal agencies are impacted by the high court's order, including HUD.

FICO's stock price took a hit after the FHFA announced that the GSEs will immediately accept VantageScore 4.0.

Loan brokerage firms had 83,600 workers on their payrolls as May closed out, off 100 from April 30.