The Department of Veterans Affairs has technically ended some temporary mortgage relief. But there’s a phase-out process that could sustain loan buyout activity in Ginnie Mae securitizations another couple of months. The Veterans Affairs Servicing Purchase program ended May 1, but the VA has allowed trial payment plans (TPPs) in process to proceed through Aug. […]
Why VASP is still driving Ginnie Mae buyout activity Read More »
Rocket Companies announced Tuesday it has officially closed its $1.75 billion acquisition of Redfin. In light of that, Rocket is launching a product called Rocket Preferred Pricing to encourage consumers to use both its mortgage and real estate services. Borrowers who purchase a home with a Redfin agent and finance it through Rocket Mortgage can
Rocket closes Redfin deal, rolls out buyer incentives Read More »
Federal Reserve Chair Jerome Powell.Bloomberg News Some Federal Reserve officials are starting to beat the drum for an interest rate cut, but not Chair Jerome Powell. During an onstage panel event in Portugal, Powell said he is not putting a rate cut on the table for this month’s Federal Open Market Committee. But he also
Powell unbowed by pressure to cut rates in July Read More »