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Supreme Court delays ruling on Lisa Cook’s future at the Fed
Lisa Cook will remain a Federal Reserve Governor at least until January, when the Supreme Court is scheduled to hear arguments on whether President Donald Trump has legal grounds to remove her.
Jay Bray now CEO of Rocket Mortgage as Rocket closes $14.2B Mr. Cooper acquisition
As part of the deal, Mr. Cooper will be rebranded under the Rocket umbrella, and its CEO, Jay Bray, will become president and CEO of subsidiary Rocket Mortgage.
FOA reports $80M profit, buys out Blackstone’s equity stake
The company’s $80 million profit was flat compared to the first quarter but marked a significant turnaround from the $5 million loss it sustained in Q2 2024.
Why 6% mortgage rates will reignite the housing market
Mortgage rates are at year-to-date lows, but is this enough to spur home sales? Logan Mohtashami explains why 6% is the critical level.
UWM announces 90-bps refinance incentive
UWM is now offering a 90 basis-point incentive for rate-and-term refis as many market participants anticipate a Federal Reserve rate cut.
Deborah Hauser joins SERHANT. management team
The real estate industry veteran will be overseeing SERHANT.’s operations in the key markets of New York and Connecticut.
RE/MAX, Magnite team up on commerce media business
RE/MAX will work with Magnite to ‘monetize its onsite digital inventory and activate its first-party home buyer data offsite.’
California affordable housing programs face new legal challenge
A new lawsuit could deal a blow to one of California’s primary local tools for building affordable housing without taxpayer subsidies.
