Rocket showcases strategic pivot on Q4 earnings call

During Rocket Companies‘ third-quarter 2024 earnings call, the Detroit-based parent company of Rocket Mortgage said that it expected adjusted revenue of $1.05 billion to $1.2 billion in the fourth quarter.But on Thursday’s earnings call for Q4 2024, the company reported that it generated net revenue

CFPB dismisses TILA lawsuit against Vanderbilt Mortgage

The Consumer Financial Protection Bureau (CFPB) has voluntarily dismissed a lawsuit against Vanderbilt Mortgage & Finance that accused the Tennessee-based lender of pushing borrowers into “unaffordable loans” that, in some cases, caused them to lose their homes.The case against Vanderbilt was one of

NRMLA announces first event of 2025

The National Reverse Mortgage Lenders Association (NRMLA) this week announced its first conference of 2025 in the form of its Western Regional Meeting, the first such event to take place since 2023.NRMLA will hold the event in Irvine, California, on April 29, initially announcing it via an emailed m

Tuesday is tariff day for homebuilders

Steel. Lumber. China. Mexico. Europe. Reciprocal.These are just some of the goods, countries and methods slated for tariffs by President Donald Trump since he assumed office in January. Each proposal has its own degree of percentage and timeline, all of which can change without warning from a presid

HUD secretary to NAHB: Costly regulations will be terminated

In one of his first official appearances as the new secretary of the U.S. Department of Housing and Urban Development (HUD), Scott Turner spoke at the 2025 International Builders’ Show in Las Vegas and addressed the National Association of Home Builders‘ (NAHB) Leadership Council on the need to bols

Home sale cancellations hit record high in January

Home sale cancellations in the U.S. surged to their highest level for this time of year, with 14.3% of pending deals falling through in January, according to a new analysis by Redfin.The figure, which represents over 41,000 failed home-purchase agreements, marks an increase from 13.4% a year earlier

Glenn Kelman, Redfin eye profitability in 2025

There’d no doubt that 2024 was a tough year for Redfin. Despite recording a 7% annual increase in revenue to $1.043 billion, the company’s net loss of $164.8 million was $34 million higher than the one it recorded in 2023. Additionally, the firm underwent a significant round of layoffs in August 202

CFPB nominee McKernan commits to protecting older Americans from financial abuse

In a Senate Banking Committee hearing on Thursday to assess the nominations of four people poised to take on leadership roles in the Trump administration, most of the questions that senators raised were focused on one person.Jonathan McKernan, who is President Donald Trump’s nominee to succeed Rohit

Rocket Mortgage’s origination volume rises to $27.8B in Q4

Rocket Companies, the parent of Rocket Mortgage, on Thursday released its latest earnings report in which it recorded net revenue of $1.8 billion and GAAP net income of $649 million in the fourth quarter of 2024.For the whole year, the company posted net revenue of $5.1 billion and GAAP net income o

New Jane Doe files sexual assault suit against Alexander brothers

Another Jane Doe has filed a sexual assault case against former real estate agent Tal Alexander and his brother Alon.In a complaint filed this week, a woman claims she was drugged and raped by Tal and Alon at their shared residence in the summer of 2010, allegations that are remarkably similar to th

Assessing the whirlwind of housing policy changes in 2025

Tax reform. The Consumer Financial Protection Bureau (CFPB). Housing policy changes. Managing optics. These were just some of the topics explored Wednesday during a discussion at the Housing Economic Summit hosted by HousingWire at the George W. Bush Presidential Center in Dallas.Bill Killmer, senio

Rising insurance costs will continue to put a strain on homeownership

In 2024, the U.S. recorded 27 weather and climate disasters that incurred losses of more than $1 billion, the second-highest total for any year on record.It also marked the 14th consecutive year in which the U.S. experienced 10 or more billion-dollar disasters and the fifth straight year in which at

Woman pleads guilty in Graceland fraud scheme

A woman pleaded guilty to one count of mail fraud for trying to orchestrate a scheme that included a threat to auction off Graceland, the former home of Elvis Presley, the Department of Justice (DOJ) said.Court documents show that Lisa Jeanine Findley, 53, of Kimberling City, Mo., along with accompl

Bill Pulte lays out vision for FHFA under Trump

Bill Pulte, President Donald Trump’s choice to lead the Federal Housing Finance Agency (FHFA), sat Thursday for a confirmation hearing with the Senate Committee on Banking, Housing and Urban Affairs alongside nominees for three other administration positions.The lion’s share of questioning from sena

Figure gets $200M equity investment from Sixth Street through JV

Technology platform Figure, which powers a liquid, blockchain-based marketplace for financial products, and global investment firm Sixth Street today announced the formation of a new joint venture vehicle in which Sixth Street’s asset-based finance platform has committed to invest $200M of equity. P

Barry Habib shares 2025 mortgage forecast at Housing Economic Summit

Barry Habib’s highly anticipated 2025 housing market forecast premiered during HousingWire‘s Housing Economic Summit on Wednesday in Dallas. Habib, the CEO of MBS Highway, kicked off his by presentation by referencing his 2024 forecast, telling the crowd of 250-plus that he hit the mark for home pri

Trump memo calls for escalation of mass layoffs at federal agencies

President Donald Trump ordered U.S. government agencies to develop plans for eliminating jobs in an escalation of the mass layoffs that have roiled the federal workforce in the first month of the new administration. In a memo circulated on Wednesday, Trump laid out a two-phase requirement for agenci

How child care costs and commutes will impact brokerage economics in 2025

After a year that saw the lowest level of existing-home sales since 1995 in a country with a population that has grown by 75 million since then, real estate brokerages are rightly concerned about what the housing market has in store for their already compressed margins in 2025. Economists Jessica La

Trump administration ends Affirmatively Furthering Fair Housing rule

The U.S. Department of Housing and Urban Development (HUD) is eliminating an Obama-era rule that became a lightning rod during the 2020 election.During a media conference on Wednesday, HUD officials announced that the agency was ending the Affirmatively Furthering Fair Housing (AFFH) rule. They clai

DOGE accessed confidential HUD data on housing discrimination, report says

Elon Musk’s Department of Government Efficiency (DOGE) has accessed U.S. Department of Housing and Urban Development (HUD) confidential data related to housing discrimination, according to a report from non-profit investigative journalism outlet ProPublica.ProPublica said its findings are based on i