Rocket’s modern messenger: TikTok influencers

Rocket Companies’ return to the Super Bowl on Sunday marked not only a milestone for the company’s calculated rebrand but a new level of connection between the financial services sector and online influencers.While many mortgage professionals have taken to apps like TikTok, LinkedIn and Instagram to
Read MoreMany older Americans are still working, with more planning to rejoin the workforce in 2025

One in four Americans in the 65-and-over age bracket remain in the workforce, and more plan to rejoin it at some point in 2025 for a variety of reasons including rising costs, boredom and job satisfaction. This is according to a survey conducted by ResumeTemplates.com.The survey, conducted in Januar
Read MoreIndustry must step up to help veterans achieve the American Dream

I recently had the profound honor of helping to hand-wash the Vietnam Veterans Memorial in Washington, D.C., a deeply moving experience that allowed me to pay homage to my fellow servicemembers and Naval Academy classmates who served in one of the longest wars in American history.Standing alongside
Read MoreWhy the CFPB’s enforcement pause is not a free pass for lenders

The recent developments surrounding the Consumer Financial Protection Bureau (CFPB) have left many in the mortgage industry wondering what comes next. With Acting Director Russell Vought halting all rulemaking, enforcement actions and examinations, some may be tempted to believe that the regulatory
Read MoreRocket makes a Super Bowl commercial comeback

Rocket Companies is not one to shy away from the spotlight. Within the last few years, leadership additions of Varun Krishna, Katie Sweeney and Dan Sogorka to the team and an auspicious rebrand announced at the start of the year have put Rocket in the financial services spotlight.It makes sense that
Read More‘Not Saying We’re the Best’: Homes.com airs two Super Bowl ads

Homes.com is back at it with another round of Super Bowl advertisements. The CoStar Group-owned residential real estate listing platform will have two 30-second spots in Sunday’s Super Bowl LVIII. The two advertisements are titled “Not Saying We’re the Best,” which will air during the first quarter,
Read MoreVought shuts down most of the CFPB’s functions, cuts off funding, closes HQ

UPDATE: This story was updated Sunday night to include the news that the CFPB headquarters has been ordered closed this week.Russell Vought, the newly named acting director of the Consumer Financial Protection Bureau (CFPB), is shutting down most of the bureau’s functions and has cut off its funding
Read MoreBetter mortgage spreads are capping rates in 2025
Another jobs week has come to an end, and amid the chaotic headlines about job numbers, tariffs, and the leadership of the Treasury, mortgage rates remained calm. Better mortgage spreads are limiting how high rates can rise in 2025. This situation contrasts with the challenges the market faced in 20
Read MoreA timeline of what’s happening at the CFPB under Trump

President Trump’s shake-up of the Consumer Financial Protection Bureau continues. On Friday night, Russell Vought, the architect of the Project 2025 plan and the newly confirmed director of the White House Office of Management and Budget, emailed top staffers at the CFPB to inform them that he’d bee
Read MoreProject 2025 architect Russell Vought takes over CFPB

Russell Vought, an architect of Project 2025 and the current head of the Office of Management and Budget (OMB), is the new acting head of the Consumer Financial Protection Bureau (CFPB), the Wall Street Journal reported late Friday night.Vought emailed top staffers at the agency to inform them that
Read MoreSherry Chris urges brokers to stick with NAR in 2025

In this week’s episode of the Power House podcast, host Diego Sanchez sits down with a close observer from within the National Association of Realtors (NAR). Sherry Chris, special advisor to NAR CEO Nykia Wright, joins the show to discuss the trade association’s response to post-settlement changes a
Read MoreJohn Burns: The ‘California exodus’ storyline is coming to an end

Some housing industry observers wouldn’t hesitate to mention Southern California when asked about the most competitive real estate markets. But despite rising home prices and stiff competition, a new report from John Burns Research & Consulting (JBREC) says it’s time to close the curtain on the “Cal
Read MoreProprietary reverse mortgage business in Oregon could be in danger

A bill introduced into the Oregon Senate that seeks to limit the amount of equity a reverse mortgage lender can receive after the sale or transfer of a property could potentially halt the availability of proprietary product offerings in the state.This is according to a version of the bill reviewed b
Read MoreCrye-Leike wants to be covered by NAR’s settlement, but rankings data says otherwise

In 2022, Crye-Leike Real Estate Services closed roughly $7 billion in sales volume, according to data from the 2023 RealTrends Verified rankings. The T3 Sixty Real Estate Almanac reports the same numbers, while the brokerage company’s 2022 Annual Report pegged its sales volume at $8.5 billion. But n
Read MoreWashington, D.C. moves to bolster reverse mortgage foreclosure protections

The governing council of the nation’s capital, Washington, D.C. is taking steps to establish a permanent program seeking to protect its older residents with reverse mortgages from foreclosure.In mid-January, the D.C. council enacted the “Fairness and Stability in Housing Amendment Act of 2024,” whic
Read MoreMortgage servicing executives grapple with tech stack questions

Mortgage servicing is more complex than ever, and while some large servicers are sinking real resources into innovation, many are hesitant to branch out beyond the decades-old systems they’re comfortable with. This could be risky if delinquencies continue to rise in the coming years.“I think service
Read MoreFannie Mae says housing market optimism inched up in January

Homebuyer confidence for purchasing a home increased slightly in January, according to Fannie Mae‘s Home Purchase Sentiment Index (HPSI). The HPSI increased 0.3 points to 73.4 in January and is now 2.7 points higher than it was a year ago.The share of respondents who believe it’s a good time to sell
Read MoreMusk’s team has gained access to CFPB building, data systems

Elon Musk has entered the Consumer Financial Protection Bureau (CFPB).According to a report from WIRED, associates working with Musk entered CFPB’s building Thursday, and CFPB Chief Operating Officer Adam Martinez confirmed that Musk’s team will receive read-only access to a sweeping amount of the b
Read MoreMortgage rates remain high due to labor market resilience
The labor market is showing signs of softness but is not breaking down yet, which has kept mortgage rates higher for longer. Since 2022, my guiding principle has been that the labor market is more important than inflation in determining mortgage rates. For those seeking lower mortgage rates, it’s mo
Read MoreInsurance exodus left many properties unprotected from the LA fires

Last month’s wildfires in Southern California had a devastating impact as 29 people were killed and about 16,000 homes were destroyed. Leading up to the disasters, the state’s largest private home insurer dropped policies in high-risk areas, leaving them financially unprotected after they burned to
Read More
Categories
Recent Posts











