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The Latest: National Mortgage News | Mortgage Industry News & Analysis | National Mortgage News

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Synergy One Lending merges into American Pacific Mortgage
The companies now anticipate generating around $14 billion in annual origination volume, making them one of the biggest lenders in the country.

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FHA commissioner Frank Cassidy resigns from post
The announcement follows a leave of absence in which Ginnie Mae President Joe Gormley helped cover the Federal Housing Admission Commissioner's responsibilities.

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Trump says US still weighing share sale for Fannie, Freddie
President Donald Trump said his administration is still considering a public offering of shares in mortgage giants Fannie Mae and Freddie Mac.

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First Federal Bank sells third-party mortgage origination unit
A credit union service organization is buying the division, which includes mortgage services provider QRL, while the seller repositions its home loan business.

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Rate cuts further dimmed with positive employment report
The Bureau of Labor Statistics Friday reported that the economy added 172,000 jobs in May and revised March and April's employment upward, making the Federal Reserve less likely to cut interest rates to support the labor market in the near term.

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