Scott Turner's nomination to lead HUD was approved by the Senate on a 55-44 vote.

Issuance involving closed-end second liens held up better than HELOCs and home equity investment activity.

Freedom plans to use proceeds from the offering for “general corporate purposes,” including repaying existing senior secured debt.

FICO's revenue from mortgage originations increased by 110% in the fourth quarter of 2024 compared with the fourth quarter of 2023.

Michael Nierenberg is chairman and CEO of both Rithm Capital and Rithm Acquisition.

Some 44.8% of survey participants project that demand for mortgages eligible for sale to the government-sponsored enterprises will increase in 2025 compared with 2024. (Most of the others surveyed think demand will remain level and only 3.4% expect demand to weaken.)

Ishbia pointed to borrowers who received mortgages between 2022 and 2024 as prime candidates for refis.

Northpointe also accepts deposits online. And that’s about it.

The increase in production was driven by interest rates, which were largely lower in 2024 than in 2023.

Northpointe Bank could raise upwards of $200 million via an initial public offering. The bank said the IPO could help to double its warehouse lending business and increase production of a unique non-agency mortgage.