UWM moves to dual-score model, auto-selects best result
Posted onLender will obtain both FICO and VantageScore on every credit pull details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Rocket Mortgage names Nicole Beattie chief servicing officer
Posted onMove comes as Rocket’s servicing book tops $2 trillion and 9.1 million loans details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
ARM reset wave set to crest in 2027, hit pockets of borrowers
Posted onICE and Optimal Blue data point to a manageable wave of ARM adjustments details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Wealthfront adds Washington to its mortgage footprint
Posted onDigital lender says its rates run about 50 bps below the national average details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Better advances sale of Birmingham Bank to consortium
Posted onBetter expects pro forma cash to rise to about $140 million if the transaction closes, based on Sept. 30 balances details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
June Point Lending expands DSCR loans to California
Posted onWholesale non-QM lender now offers DSCR in 19 states details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Polly launches PollyOS for mortgage pricing, hedging and trading
Posted onPlatform combines pricing and eligibility, Polly Hedge and a relaunched Loan Trading Exchange details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Beyond mortgage rates: How community lenders can expand access to homeownership
Posted onThe Federal Home Loan Banks’ Mortgage Partnership Finance® Program helps community lenders expand homeownership through liquidity, collaboration and targeted financing solutions details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Vishal Garg regains control of Better’s board after receiving 52% shareholder support
Posted onA majority of shareholders backed the removal of five directors, including interim CEO Daniel Lewis, with Better finalizing his successor details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Pennymac deploys VantageScore 4.0 across all production channels
Posted onThe move follows FHFA and HUD guidance that opened conventional and FHA lending to competing credit score models details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Valon raises $150M Series D at $2.3B valuation
Posted onThe round doubles its prior valuation and brings in new investor Ribbit Capital details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Two Harbors countersues UWM over hedging bet, alleged merger breach
Posted onThe REIT seeks the return of its $25.4M breakup fee details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
NEXA Lending adds top Colorado branch manager Andrew Deyo
Posted onThe former Rate branch leader cited platform economics and NEXA’s BDM program in his decision to join details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
The Loan Store rebrands to Averra Financial
Posted onThe wholesale lender said non-QM volume is up 68% year to date through August and loans in process will close as scheduled details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Better ends fight over Garg-led bid to oust directors, restore his leadership
Posted onA special committee is ending the challenge to a preliminary report from an independent inspection details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Fairway’s Christine Jensen on HECM reform and borrower misconceptions
Posted onJensen offers her thoughts on the 2% upfront mortgage insurance premium, second appraisals and retirement planning use cases details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
HECM originations sink to lowest level since 2020, with HMBS issuance down 17% in September
Posted onSeptember endorsements dropped to 1,790 — the lowest figure since April 2020 — while HMBS issuance fell to $446 million details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Mortgage Banking Summit: ‘Street fight’ market concentrates growth toward nondelegated lenders
Posted onData shows a small fraction of lenders capturing most new production as LOs shift to brokerage and correspondent platforms details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
FHA launches optional transition period to UAD 3.6
Posted onLenders can begin sending FHA appraisals in UAD 3.6 details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
FHFA set to order Fannie, Freddie to accept two-bureau credit reports
Posted onThe requirement is expected to take effect one to three months after it is announced, per Bloomberg details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Garg says Better board will honor results once consent vote is confirmed
Posted onGarg says the consent solicitation topped 50% and could remove five directors, with a third-party inspector reviewing results details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
FHA nominee Matt Jones says he’ll target more housing supply and lower costs
Posted onIn his Senate confirmation hearing, Jones highlighted manufactured housing, limits on large investors and new credit underwriting models details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Mortgage Banking Summit: FOA’s Jonathan Scarpati on finding opportunity in reverse
Posted onScarpati said older homeowners present a much faster growth path for lenders than first-time buyers details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
STRATMOR Group hires Coby Hakalir as managing director
Posted onNew managing director will advise mortgage lenders, investors, and real estate firms on growth and tech details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
NEXA’s Holly Niemeier on hitting the career reset button into DSCR lending
Posted onAt AIME Fuse, Niemeier shared her secret sauce for building a referral-based investor loan business in only a few years details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Flyhomes hires three executives to grow buy before you sell
Posted onNew executives will support product, partner enablement and business development for lenders and broker partners details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
CHLA backs Pulte plan for GSE credit score disclosures
Posted onLetter to FHFA says the added data could improve MBS transparency and reduce recurring credit score cost increases details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Archwest Capital closes $300M rated RTL securitization
Posted onDeal is backed by 218 loans, plus a $98.5M accumulation account and a two-year revolving structure details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Stockton Mortgage elevates founder David Stockton to CEO, names new president
Posted onAnthony Whiteside becomes president, while Scott Bristol joins as EVP of national sales details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
GSEs grant policy waiver for lenders not ready for UAD 3.6 mandate
Posted onLenders that secure a one-time waiver can keep using UAD 2.6 into 2027 details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Garg says he has majority support to reclaim leadership role, remove directors at Better
Posted onHis plan calls for the removal of five directors, including interim CEO Daniel Lewis details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Mortgage applications fall 6% as rates hit highest level in three years
Posted onRefinance activity fell 9% week over week and was 56% lower than a year ago details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
ICE launches residential whole loan evaluations service
Posted onNew model-driven evaluations cover QM, non-QM and specialty loans, delivered daily or monthly via ICE Data API details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
The promise and risk of AI in mortgage lending and secondary markets
Posted onSitusAMC’s Julia Curran explains why mortgage AI requires rigorous testing, subject-matter expertise and human oversight to deliver efficiency without introducing new risk details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
FHFA says Fannie, Freddie will use one LLPA grid for FICO and VantageScore
Posted onChange follows lender feedback after VantageScore 4.0 was approved for eligible conventional loans earlier this month details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
NRMLA says it will keep pushing for HECM insurance changes after remarks by Ginnie Mae president
Posted onNRMLA President Steve Irwin said the trade group will continue to lobby HUD, FHA on lowering the upfront mortgage insurance premium for federally insured reverse mortgages details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
West Capital Lending hires Michael Cecero and 33-person team
Posted onThe move adds about $325M in annual production and expands the company’s presence in Tennessee and Missouri details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Elio Mortgage launches with $5.1M preseed funding
Posted onMotive Partners and Social Leverage led the round, with Elio planning nationwide licensing and LO hiring details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Rocket Mortgage will make VantageScore 4.0 its default credit model
Posted onRocket says a 4-month test using 1.4 million reports helped some borrowers qualify and improved pricing outcomes details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Inflation and housing costs are squeezing senior homeowners, Longbridge survey finds
Posted onOnly 28% of homeowners 55+ expect their finances to improve soon, with financial confidence split sharply by income and gender details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Point says home renovation demand has dropped to its lowest level since 2024
Posted onQuarterly index shows demand for renovation financing is strongest in states like Indiana, Tennessee and Georgia details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
The brokerage operating model has reached its limits
Posted onGrowth often adds staff, but more roles can increase coordination work and errors details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Is technology changing the economics?
Posted onAI is reshaping mortgage economics, but lowering the cost to originate requires disciplined processes, measurable ROI and accountability across the organization. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
UWM’s Mat Ishbia backs VantageScore 4.0, says Underwriting+ results are ‘off the charts’
Posted onAt last week’s AIME Fuse event, Ishbia also shared his thoughts on UWM’s new Underwriter+ program details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
ICE First Look shows delinquencies up, prepayments down in August
Posted onThe delinquency rate rose 14 basis points to 3.53%, while prepayments fell to 0.64%, the lowest level in 17 months details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com