Mortgage Mix: Fed Vice Chair Pushing to Re-Center Community Banks in Mortgage Market

Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. Michelle Bowman, a governor at the Federal Reserve and the Fed’s Vice Chair for Supervision, told the Senate Banking Committee on Thursday, F

6 Smart Moves Buyers Should Make Now That Mortgages Have Fallen Under 6%

The average 30-year mortgage rate dropped to 5.98% on Feb. 26, marking the first time in three and a half years that the 30-year fixed-rate mortgage has dropped into the 5% range. This is momentous, given for the last two years, the "6% mark" has served as a psychological and financial barrier for m

AD Mortgage launches its largest non-QM securitization yet

AD Mortgage, a provider of non-QM and residential mortgage-backed securities (RMBS), announced on Friday the successful launch of a $602.7 securitization deal, its largest to date. The transaction, which follows the company’s first deal of the year, a $567.42 million transaction, marks AD’s 30th sec

Rocket Affirms Compass Partnership Designed to ‘Tackle’ Market Challenges

In the culmination of what was a busy year for Rocket Companies, after acquiring both Redfin and Mr. Cooper, the company detailed another large milestone in its recent earnings call with investors—a partnership with Compass. In its own recent earnings call, Compass CEO Robert Reffkin dropped the new