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“We have technology teams that are over 300 or 400 people that just focus on this community,” he said. “Most lenders’ technology teams in total aren’t even 300 or 400 people.” Why track record matters Jay Bray (pictured top center), CEO of Rocket Mortgage, offered a different lens on the same question, drawn from decisions…
Existing-home sales remained relatively stable in July despite elevated mortgage rates, with activity declining modestly from June while remaining above year-ago levels. According to the National Association of REALTORS®, sales fell 1.7% from June to a seasonally adjusted annual rate of 4.06 million, but were 0.7% higher than in July 2025. “Home sales have been…
A pool of first-lien, fixed-rate prime mortgages will support about $363.6 million in residential mortgage-backed securities (RMBS) coming to market from the PMT Loan Trust 2026-J6. Processing Content The current transaction has the largest collateral pool that the platform has issued from all year, with 294 loans. It also has the highest percentage of conforming…
Tandem Bank has implemented a number of changes to its leadership team as part of preparations for its next stage of growth. Simon Bowen has been appointed the digital challenger bank’s chief risk officer. He has in excess of 25 years of experience in risk and finance transformation in the UK banking industry and…
There were 254 transactions totaling $330 million filed in New York City records in the 24 hours before 4 p.m. on Wednesday, July 8. 🏆Residential The Upper West Side had the top home sale to hit records in the city. A townhouse at 69 West 83rd Street traded for $8.4 million. Karl Dasher was the…
Canadian Earnings Outlook: Potential Strength Despite Economic Weakness