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? 

Could we be headed for a recession? Two economists think it’s possible. We’re joined by Staff Writer Doug Page to explain.

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?

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.

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?

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?

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. 

Analysts think conventional mortgages will drop by half this year. Can Non-QM loans find new customers and fill that gap?

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?

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