Seattle-based HomeStreet Bank has agreed to sell its $794 million Ginnie Mae loan servicing portfolio to an undisclosed “experienced” buyer, the company announced in a regulatory filing. The transaction is scheduled to close on August 1.  “As HomeStreet carried this servicing portfolio at current market value at June 30, 2025, no gain or loss is […]

A new lender says it can give a company’s employees up to 75 basis points off their interest rate through its mortgage benefits program.  Multiply Mortgage, founded in 2022, says the average worker utilizing its perks saves up to $5,700 per year, relative to home loan offers they were comparing the offer to. The broker

Last week, we got a sneak preview of how the market would react to Fed Chair Powell ending his term early. In a nutshell, only the shortest-term rates would improve while most consumer rates would move higher–including mortgages. This isn’t conjecture, but rather the actual response in the bond market (bonds dictate interest rates).  Thankfully,