Could Rocket be the No. 1 originator in the second quarter?

The second quarter likely ended with Rocket regaining the No. 1 spot among mortgage originators from United Wholesale Mortgage, an industry prognosticator says. Processing Content Second quarter volume is expected to increase by 3% quarter-to-quarter for five companies BTIG analyst Douglas Harter covers: loanDepot, PennyMac Financial Services, Rithm, Rocket and UWM Holdings. The consensus gain […]

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Rising inventory — not rates — is moving Mid-Atlantic buyers

Mid-Atlantic home sales rose on an annual and monthly basis in June, despite mortgage rates hovering around 6.5% for the entire month, a new industry report found. Processing Content Closed sales increased 7.3% year over year and 11.8% from May to 23,278 last month, while new pending sales jumped 3.9% annually to 22,817, according to

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ROAD Act’s fine print: What lenders should watch

After months of negotiations accompanied by back-and-forth political drama in the final few weeks, the bipartisan 21st Century ROAD to Housing Act officially became law Saturday. Processing Content The subdued welcome at the stroke of midnight arrived after President Trump abruptly canceled a signing ceremony weeks earlier in protest of Senate inaction on his priorities.

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