Fannie Mae former employees sue company, Pulte for defamation

Forty-one former employees of Fannie Mae on Wednesday sued the company, its chief executive and Federal Housing Finance Agency Director Bill Pulte for alleged defamation related to their dismissals in April. The ex-employees of the government-controlled mortgage giant are seeking damages amounting to more than $2 million per person, according to complaints filed in Fairfax […]

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Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff

Mortgage rates are still a hot topic – and for good reason. After the most recent jobs report came out weaker than expected, the bond market reacted almost instantly. And, as a result, in early August mortgage rates dropped to their lowest point so far this year (6.55%). While that may not sound like a

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Shawn Malhotra talks Rocket’s vision for AI-powered, people-centered mortgages

Shawn Malhotra, the first chief technology officer in the history of Rocket Companies, says it’s pursuing an ambitious plan — to rewrite its entire operating system, from home search through mortgage servicing, on a foundation of artificial intelligence. The transformation will happen while Rocket integrates real estate brokerage Redfin and mortgage servicer Mr. Cooper Group,

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