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10 minutes | May 19, 2022
Conflicting Signs In The Housing Market
Home sales had a record year in 2021, and they're way up so far this year. But experts keep pointing to signs that a slowdown is coming.
10 minutes | May 18, 2022
Battle Between Loan Originators Gets Sparkly and Dirty
CrossCountry Mortgage has been accused of systematically raiding multiple lending companies, including loanDepot, Caliber Home Loans, and Guild Mortgage Company, by poaching their employees, misappropriating trade secrets, and diverting thousands of mortgage loan customers. CrossCountry has neglected to comment on the matter, but one former branch manager who made the move from Guild to CrossCountry justified his decision by claiming he was bullied by former colleagues.
11 minutes | May 17, 2022
Regulators Are Looking To Change The CRA
Federal regulators are looking at the first overhaul of the Community Reinvestment Act in nearly 30 years. But the Mortgage Bankers Association is not on board.
16 minutes | May 16, 2022
What's Driving The Increased Costs For New Home Construction?
The cost to build residential homes is up 19 percent from last year. NAHB Director of Tax and Trade Policy David Logan joins to Principal to talk about why the cost keeps going up, what it's doing to the housing market and how we bring prices back down.
13 minutes | May 13, 2022
Can The Fed Keep Us Out Of A Recession?
Add the Federal Reserve to the growing list of experts saying we'll have a hard time avoiding a recession. So what will happen to the mortgage industry?
6 minutes | May 12, 2022
Caliber Sues CrossCountry
Caliber has filed a federal lawsuit against CrossCountry, accusing its rival of systematically raiding employees. Caliber says CrossCountry stole 80 employees who produced a combined $2.3 billion annually in mortgage origination.
10 minutes | May 11, 2022
Is Rocket looking to buy other companies?
Rocket netted $1 billion in profits in the first quarter. That's down from 2021, but it still left the company with $2.3 billion in cash. So what's Rocket going to do with this money?
7 minutes | May 10, 2022
Fears That Fed’s Actions Could Trigger a Recession
Could we be headed for a recession? Two economists think it’s possible. We’re joined by Staff Writer Doug Page to explain.
8 minutes | May 9, 2022
What's Next for Mortgage Lenders Like Guild Holdings?
Guild Holdings saw a strong first quarter, but the company is still looking at shedding some employees amid concerns about the future. What’s next for mortgage lenders?
12 minutes | May 6, 2022
Zillow's out of iBuying. So who's chasing in?
ZILLOW GROUP SAW EARNINGS GO UP 20 PERCENT YEAR-TO-YEAR IN THE FIRST QUARTER. BUT THAT NUMBER WAS HELPED BY THE COMPANY’S DECISION TO SELL OFF IT’S HOUSING STOCK AND GET OUT OF THE I-BUYING GAME.
10 minutes | May 5, 2022
Where do rates go from here?
The Fed raised rates by a half point Wednesday, its second increase this year. What will the Fed do going forward to try and bring down inflation? And what does that mean for mortgages?
12 minutes | May 4, 2022
What Does A 6% Rate Mean For Mortgages?
The Fed is raising interest rates again. Industry insiders say this will push 30-year fixed-rate mortgages to 6%. Will this slow down loan applications?
10 minutes | May 3, 2022
Fannie Mae Reports Solid First Quarter Earnings
The Government Sponsored Enterprise, Fannie Mae, reported their earnings were down slightly from the same quarter last year, but they cautioned about a “modest recession” in the second half of the year.
11 minutes | May 2, 2022
Analysts think conventional mortgages will drop by half this year. Can Non-QM loans find new customers and fill that gap?
11 minutes | Apr 29, 2022
Mr Cooper Group.
Mr. Cooper Group announced net income rose 325% year-to-year in the first quarter. But the company is also eliminating 250 positions. Why? And what does this mean for the industry?
0 minutes | Apr 27, 2022
Welcome To The Principal
Great conversations start with great stories. Tune into The Principal podcast daily for your deep dive into the big issue of the day. Editors, reporters and sources involved in the days top news take on topics with vigor and valor, unafraid to speak openly and honestly so you get the truth about what’s changing the mortgage market. Launches May 2
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