Deal closed Aug. 19, adds in house origination, underwriting, and funding across 38 states plus D.C details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Borrower trust has four mechanisms, and AI can expose invisible failures at scale details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Luminate adds volume and a larger Midwest presence details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Refi volume fell 29.9% as the average 30-year fixed rate rose to 6.44%, FHFA data revealed details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Point is betting that broker distribution can scale the product details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
With pull-through gaps and shifting buyer trust, the fastest wins were pipeline conversion and equity reviews details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
MBA estimated sales at a 647,000 annual pace, down 3% from June details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
RAMP uses FHA data to show geography, market shares and origination volumes across HECM product types details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
More than 2 in 3 online applications are abandoned, and valuation inconsistencies can erode trust across channels details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Calamari, a co-founder and long-tenured executive, has been with Better since 2014 details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
One-third of lenders now offer accelerated home equity closing and funding, up from last year details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Mortgage industry faces renewed job pressure amid flat volume and tech gains details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Better sues former CEO as battle for control intensifies details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Imperial Fund Asset Management sponsored the deal, with 79% of loans originated by AD Mortgage details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Deal reflects broader shift to centralized, API-driven verification platforms that seek to combat fraud, speed underwriting and meet regulatory standards details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Frisbie will lead mortgage platform efforts and Basile will run national sales details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
The company is offering 2 years of complimentary identity monitoring details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
ACES data shows legal and compliance defects at 26.02% of findings details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
A plain-English guide to non-QM loans for self-employed borrowers and real estate investors details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com
Social Security beneficiaries could see a 3.6% cost-of-living adjustment in 2027, according to a projection Monday from the Senior Citizens League, an increase over this year’s 2.8% adjustment. If the projection holds, average monthly Social Security benefits would increase by about $69.75, from $1,937.53 to $2,007.28, the organization said. The Social Security Administration is scheduled […]
Public filings show how the Ishbia family’s stake in United Wholesale Mortgage (UWM) and its sports assets underpin a network of loans, according to a Bloomberg report. Bloomberg’s review of Uniform Commercial Code (UCC) filings shows that Justin Ishbia pledged his economic interests in his private equity funds to secure loan facilities with JPMorgan Chase […]
AI-powered mortgage point-of-sale platform Maxwell has partnered with Ardley, a provider of lead generation and portfolio recapture technology, to help lenders and servicers identify eligible borrowers and convert them into new loan opportunities. The partnership, announced Monday, integrates Ardley’s customer and portfolio analytics and targeting capabilities with Maxwell’s point-of-sale platform. The companies said the integration […]
Rocket Companies announced Monday that it has appointed Sarah Watterson as an independent director, expanding its board to 10 members. Watterson is president of 3 Star Sports & Entertainment LLC, a platform that owns, invests in and operates businesses across sports, media, real estate and related ventures. She also serves as a special adviser to […]
A UWM Holdings Corp. shareholder filed a proposed class-action lawsuit alleging the wholesale mortgage lender misled investors about its hedging strategy tied to a failed bid for Two Harbors Investment Corp., in violation of the Securities Exchange Act of 1934. The complaint, filed last week in the U.S. District Court for the Eastern District of […]
As a wave of mergers and acquisitions (M&A) continues to impact the broader mortgage space, today’s deal activity in the reverse mortgage sector is less about splashy headlines and more about structural pressure building across the industry, according to Michael K. McCully, a partner at New View Advisors. As McCully puts it, “there are two […]
Mortgage lenders and brokers are navigating an affordability-constrained market in which a borrower’s qualifying score can determine not only eligibility but also pricing, cash-to-close and purchasing power. UWM moved quickly to introduce VantageScore 4.0 through a new pilot, giving independent mortgage brokers an additional option for evaluating eligible borrowers. Desmond P. Smith, UWM’s chief growth […]
The National Reverse Mortgage Lenders Association (NRMLA) is urging the Consumer Financial Protection Bureau (CFPB) to overhaul reverse mortgage disclosures, arguing that tailored, simplified materials could help consumers better understand the products and their risks. In an Aug. 10 comment letter responding to the CFPB’s request for information on promoting access to mortgage credit, NRMLA […]
Better Home & Finance Holding Co. on Friday pushed back against efforts by former CEO Vishal Garg to regain control of the company, accusing him of a history of poor performance and attempting to pressure the board. The company said its board, excluding Garg, unanimously voted to remove him as CEO after concerns about his […]
United Wholesale Mortgage (UWM)’s strategy to protect assets is under scrutiny following recent analyses of public filings, which questions whether the lender’s derivatives book functioned as a true hedge or as a bet that amplified existing risks. Last week, UWM reported a $451.9 million net loss for the second quarter, including a $603.2 million derivatives […]
Vishal Garg, the founder and former CEO of Better Home & Finance Holding Co., is seeking to regain control of the company after securing support from shareholders holding a majority of its voting power. Garg has retained attorney Alex Spiro in connection with the shareholder action, according to an announcement Thursday evening. In a letter […]
Acrisure Mortgage announced Thursday that it has appointed Todd Boss as president, succeeding Joe Nunziata, who was recently promoted to president of Acrisure Real Estate Services. Boss will oversee the day-to-day operations of Acrisure Mortgage, including its nationwide mortgage platform, sales organization and strategic growth initiatives, and will report to Nunziata, who now oversees Acrisure’s […]
Older Americans continue to account for the lion’s share of home buyers and sellers across the country. Data published earlier this year by the National Association of Realtors (NAR) found that during the year ending in June 2025, baby boomers represented 42% of all buyers and 55% of all sellers, while Generation X represented 25% […]
Mortgage delinquencies for one- to four-unit residential properties declined slightly in the second quarter, but they remained elevated from a year earlier as more borrowers moved into later stages of delinquency. That’s according to the Mortgage Bankers Association (MBA)’s National Delinquency Survey released Thursday. The seasonally adjusted mortgage delinquency rate fell to 4.37% of all […]
Newrez has agreed to pay $15.5 million to resolve a multistate examination that found the mortgage servicer improperly charged some borrowers for lender-placed insurance despite having evidence of existing homeowners insurance, according to a settlement agreement signed Wednesday. The settlement agreement, reached with state mortgage regulators in 46 states and the District of Columbia, includes […]
NEXA Lending is back in court, but this time the company is suing a former employee for allegedly violating his NEXA contract, misappropriating trade secrets, and publishing false and damaging statements about the company. The suit, filed on Aug. 7 in an Arizona federal court, accuses Austin Dell’Abate of “tortious interference with NEXA’s customer and […]
The Department of Justice (DOJ), Rocket Mortgage and other defendants are asking a federal court to pause discovery and pretrial deadlines in a 2024 Fair Housing Act case while the parties pursue a settlement conference. A joint motion to stay and a joint motion for a settlement conference, both filed July 31 in the U.S. […]
Earlier this week, Optimal Blue announced the general availability of Virtual Economist, an artificial intelligence-powered forecasting tool designed to help mortgage capital markets leaders analyze interest rates and mortgage lock volume. The company also launched Optimal Blue AI Labs, an initiative led by Kevin Foley, the company’s newly appointed director of AI Labs, to accelerate […]
Two Harbors Investment Corp. is pushing back on a lawsuit filed this week by UWM Holdings Corp., calling the complaint “frivolous,” “meritless” and “illogical” while defending its decision to abandon a stock-for-stock merger with the wholesale lender in favor of an all-cash deal with rival CrossCountry Mortgage (CCM). TWO’s response focuses heavily on UWM’s financial condition, noting that the […]
Mortgage applications increased 3.6% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending August 7, 2026. On an unadjusted basis, the index increased 3% compared with the previous week. The refinance index increased 5% from the previous week, but was 22% lower than the […]
Only about half of U.S. private-sector workers participate in an employer-sponsored retirement plan at any given time — a gap driven almost entirely by small employers, according to new research from the Center for Retirement Research at Boston College. While more than 90% of larger employers offer retirement plans, just 49% of firms with fewer […]
Mortgage insurers will be required to keep a larger safety net for mortgages originated using VantageScore 4.0 than for comparable loans using Classic FICO, according to new guidance from the government-sponsored enterprises (GSEs). In late July, Fannie Mae and Freddie Mac published a new grid for their Private Mortgage Insurer Eligibility Requirements (PMIERs) that, for […]
Mortgage lenders that adopt artificial intelligence should focus first on the business problems they’re trying to solve rather than chasing the latest technology, according to panelists who spoke Tuesday at HousingWire’s AI Summit. Amanda Tucker, chief risk and compliance officer at Atlantic Bay Mortgage Group, and Michael Crockett, chief operating officer at Xactus, said the […]
A federal judge in Maryland has denied loanDepot’s bid to dismiss a proposed class-action lawsuit that accuses the lender of violating federal loan officer compensation rules and steering borrowers into higher-rate mortgages. U.S. District Court Judge Julie R. Rubin on Friday rejected loanDepot’s motion to dismiss for failure to state a claim and for lack […]
CrossCountry Intermediate HoldCo, the direct parent of CrossCountry Mortgage (CCM), has priced an upsized offering of $750 million in senior notes due in 2031 as it refinances mortgage servicing rights (MSR) facilities tied to its growth plans. The offering came in 50% higher than previously expected. The 7.75% senior notes will be issued on a […]
I’m a mortgage servicer by trade, but also a music lover and guitar player. A guitar has twelve notes, and from this comes every song, every genre, every hit ever written. Servicing works the same way. The structure is fixed – loan, customer, property – but what you can now build on top of it […]