The Consumer Financial Protection Bureau (CFPB) is proposing changes to rules under the Equal Credit Opportunity Act (ECOA) to clarify lenders’ responsibilities on issues including disparate impact, discouragement of applicants and special purpose credit programs (SPCPs) that industry leaders say could hurt women’s ability to get a mortgage loan in their own name. The comment […]
Don Goettling, a nearly 40-year veteran of the mortgage and real estate industry, announced last week that he’s committing full time to his role as CEO of Momentum Builder, the company he co-founded in 2018. The organization, which provides resources for housing professionals — including coaching, workshops, events and technology tools — also oversees the […]
Top U.S. mortgage companies have continued to gain market share in 2025 and are positioned to improve their profitability in the coming years. But growing leverage tied to mortgage servicing rights (MSR) investments is contributing to negative outlooks for some competitors, Fitch Ratings said. The credit ratings agency released its periodic peer review of nonbank […]
Funds managed by Blue Owl Capital have committed $2.5 billion to expand Finance of America Companies’ (FOA) home equity offerings and are also investing $50 million in equity in the reverse mortgage lender, the companies announced on Friday. It’s the latest in a string of Blue Owl moves in the home equity space, including a […]
Nonprofit organizations say the Trump administration has dramatically scaled back fair lending oversight — and they’re stepping in to fill the void. In its latest move, the Department of Justice (DOJ) this week announced the rescission of disparate-impact liability from its Title VI regulations, while other parts of the federal government have reduced enforcement of […]
On Thursday, the Senate confirmed Frank Cassidy to be the next Federal Housing Administration (FHA) commissioner and Joe Gormley to be Ginnie Mae‘s new president. The confirmations follow the Senate Committee on Banking, Housing and Urban Affairs advancing the nominations last month to a full Senate vote. Confirmation hearings for the candidates were held in late […]
Title and real estate services provider Stewart Information Services Corp. is raising nearly $130 million through a stock offering expected to close on Friday. The capital raise comes roughly one month after Stewart announced its $330 million acquisition of the mortgage services division of property preservation provider Mortgage Contracting Services (MCS). Stewart is offering 1.9 […]
Lacey Sullivan To accomplish that, Sullivan will work closely with leaders across the Guaranteed Rate Affinity organization to align the Northern California region’s priorities with the company’s broader business goals. “Stepping into the Regional Manager role with Guaranteed Rate Affinity is an exciting opportunity,” Sullivan said. “I’m looking forward to supporting our teams, strengthening our […]
NewDay USA has hired Michael Gaines as executive vice president of capital markets. Gaines confirmed the news on his LinkedIn account in a post on Dec. 6. “In my first week, I’ve seen firsthand the incredible commitment to serving veterans, service members and their families. I look forward to contributing to this mission and leading […]
In recent weeks, President Trump has increasingly focused on “affordability” as a top priority. When it comes to housing, that means addressing homeownership affordability challenges, which are significant by historical standards. According to a recent Report by the National Association of Realtors, “The share of first-time home buyers dropped to a record low of 21%, […]
Optimal Blue on Wednesday released its November 2025 Market Advantage report, which revealed that mortgage rate-lock activity slowed with typical late-fall seasonality but still posted the strongest November in four years. Total lock volume fell 25% from October but was up 17% from November 2024, driven by strong refinance activity and mortgage rates hovering near […]
Ncontracts, a provider of compliance, risk and vendor management solutions for the financial services industry, released a new survey Tuesday that examines how institutions are managing evolving compliance expectations in 2026. The survey, “The Future of Compliance: Benchmarking the People, Processes, and Pressures Shaping Compliance in 2026,” included responses from 183 financial institutions across various […]
The Federal Reserve delivered another 25-basis-point cut to its benchmark interest rate on Wednesday, setting the target range at 3.5% to 3.75% amid signs of a softening labor market and inflation that’s still above the central bank’s 2% target. The move marks the Fed’s third straight rate cut to end 2025, following 25-bps cuts in […]
The U.S. Department of Housing and Urban Development (HUD) is reopening the public comment period for a review of federal reverse mortgage programs, the agency announced Wednesday in the Federal Register. HUD previously issued a request for information in October, seeking input on the Home Equity Conversion Mortgage (HECM) and HECM Mortgage-Backed Securities (HMBS) programs. […]
Even if mortgage rates fall by 100 bps in 2026, demand for second-lien products is likely to remain strong, as the math continues to be compelling for consumers. Looking at today’s mortgage coupon profile, rates must fall below 4% before more than half the market moves into the money to The following information has haunted […]
FirstClose, a fintech provider of data and workflow tools for mortgage and home equity lenders, on Wednesday announced a partnership with Stewart Lender Services, a division of Stewart Information Services Corp. The agreement will expand home equity fulfillment capabilities within the FirstClose Order Management System (OMS). The integration gives FirstClose OMS users access to Stewart’s […]
The U.S Department of Veterans Affairs (VA) home loan program rebounded sharply in 2025, according to a new analysis from Veterans United Home Loans. The rebound reverses last year’s slowdown and highlights the program’s continued appeal for service members and veterans. VA loan count rose 26.8% to 528,343 loans closed in fiscal year 2025, up […]
The American Financial Services Association (AFSA), the nation’s oldest and largest consumer credit trade group, on Tuesday released its quarterly Consumer Credit Conditions Index. It found that AFSA members’ assessment of current conditions turned slightly negative in the third quarter of 2025. More respondents reported worsening business conditions than improving conditions, pushing the survey’s Net […]
New York Gov. Kathy Hochul has signed legislation to expand property tax exemptions for seniors to up to 65% of their home’s assessed value, raising the ceiling for the first time in decades from the previous 50% cap. “No New York senior should lose their home because they can no longer afford their property taxes,” […]
CrossCountry Mortgage (CCM) filed a motion last week as it seeks to intervene in the criminal case against former loan officer Christopher Gallo, and to vacate a November court order that blocked the company’s arbitration claim against the former employee. National Mortgage News first reported the legal action. According to the Dec. 3 filing, the […]
Blue Owl Capital announced Tuesday that it’s making a $2.5 billion commitment in funds it manages to home equity investment (HEI) platform Point. The newss comes just one month after the companies issued the largest securitization ever completed in the HEI space. The new capital will allow Palo Alto, California-based Point to originate about $10 […]
Mortgage credit availability increased in November, according to data released Tuesday by the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI), which uses data from ICE Mortgage Technology, rose 0.7% to a reading of 107.5. A lower reading signals tighter lending standards, while a higher reading indicates looser credit. The index […]
Michael Burry, the investor best known for predicting the 2008 financial crisis, revealed on Monday that he holds a sizable position in what he labels the “Toxic Twins” — Fannie Mae and Freddie Mac – common stock, which he believes could deliver significant gains if the government moves forward with a potential initial public offering (IPO). “I […]
Optimal Blue announced on Monday that it has promoted Lanny Rogers III to chief financial officer and Jeremy Moreno to chief revenue officer. Rogers, a certified public accountant, will oversee financial planning, forecasting and capital allocation as the company expands. He joined Optimal Blue in 2017 and most recently served as vice president of accounting. […]
The ROAD to Housing Act was left out of the 2026 National Defense Authorization Act (NDAA) in the final House text released Sunday, leaving the mortgage industry to continue pushing for housing provisions into the first quarter of next year. The bipartisan bill — which includes policies to address housing affordability, boost supply, modernize financing […]
Late last month, federal banking regulators proposed lowering the Community Bank Leverage Ratio (CBLR) for qualifying community banks and bank holding companies from 9% to 8% while extending the timeframe for certain banks to remain in the program. The Office of the Comptroller of the Currency (OCC), the Federal Reserve and the Federal Deposit Insurance […]
Last week, the Mortgage Bankers Association (MBA) and 14 other trade groups representing insurance companies, lenders and other financial institutions urged Congress to approve a long-term reauthorization of the National Flood Insurance Program (NFIP). In a letter to congressional leaders dated Dec. 2, the organizations said that millions of U.S. homeowners depend on the federally […]
Global consulting and actuarial firm Milliman Inc. announced Monday that it has acquired MorVest Capital, a Dallas-based provider of mortgage servicing rights (MSRs) analytics and advisory services. The deal, which is expected to enhance Milliman’s own MSR services, expands its mortgage capabilities to include MSR valuation, financing, hedging and brokering. MorVest, founded in 2013, is […]
Another home equity investment (HEI) securitization is hitting the market, this time issued by financial technology company Splitero in partnership with funds managed by Blue Owl Capital, Antarctica Capital and Kingsbridge Investment Partners. The companies closed a $283.3 million rated HEI securitization on Nov. 25 in a transaction that saw strong investor demand. In total, […]
ICE Mortgage Technology said in its December 2025 Mortgage Monitor report that declining mortgage rates helped to push servicer refinance retention to 28% in the third quarter — a 3.5-year high — as more homeowners sought to lower their monthly payments. The report, released on Monday, tracks mortgage performance data from ICE’s most recent First […]
Much attention has been given to the potential impact private listings could have on minorities and protected classes, but one Realtor is asking a court to consider how off-MLS marketing could impact senior home sellers. Greg Alkema, an 80-year-old California-based real estate agent, posed this question in an amicus brief filed earlier this week in […]
Mortgage stocks should benefit from lower interest rates in 2026, but the strongest performances will be driven by other sources of value creation, including lower expenses from artificial intelligence-driven workflows, according to BTIG analyst Eric Hagen. “Most stocks are coming off a strong year of performance driven by accommodative Federal Reserve policy, which was necessary […]
Earlier this week, the Appraisal Institute told the U.S. Department of Housing and Urban Development (HUD) that it supports the current requirement for a second appraisal on certain federally insured reverse mortgage transactions. The comments came in response to HUD’s recent request for information (RFI) that sought public feedback on potential improvements to the Home […]
The New York State Court of Appeals has upheld the Foreclosure Abuse Prevention Act of 2022 (FAPA), confirming that the law is constitutional and applies retroactively. The landmark decision, made on Nov. 25, means that mortgage lenders cannot restart the state’s six-year statute of limitations on foreclosure claims by withdrawing or abandoning earlier cases. FAPA […]
Over the course of 2025, the fix-and-flip housing market was characterized by tighter profit margins and higher expenses — including acquisition, material and labor costs. All of that tied together with tariff uncertainty and properties that continued to linger on the market. Despite this, investors persisted in their fix-and-flip pursuits, according to industry experts. Justin […]
HousingWire and MAXA Designs are proud to partner for the 2025 Exhibit Awards, a national awards platform recognizing standout real estate — and now mortgage — branding and design. First launched in 2022, Exhibit was built on a simple idea: great branding doesn’t just make a brokerage look good. It drives clarity, culture, and business […]
Kind Lending announced on Thursday that Brett Stubbs was appointed as the company’s chief financial officer. Stubbs’s appointment, effective Oct. 9, is a part of a planned transition plan involving Gary Fabian, who served as CFO since the company’s founding in 2020. Fabian will retire at the end of this year. Fabian will continue supporting […]
Florida-based AD Mortgage, which specializes in nonqualified mortgages (non-QMs) for self-employed borrowers and real estate investors, on Thursday announced the launch of a $417.15 million pool of residential mortgage-backed securities (RMBS). The transaction is the 28th issued by the company that involves its own collateral, and it’s the 19th offering to be rated by Fitch […]
Mortgage Cadence, a subsidiary of Accenture, confirmed on Thursday that George Morales, its national sales director, has been elected to the 2025–26 board of directors for the National Reverse Mortgage Lenders Association (NRMLA). Morales joins several other leaders on the board who help shape NRMLA’s policy agenda and strategic direction. NRMLA represents lenders, servicers and […]
Backflip, a real estate financial technology company, announced on Thursday that it has closed its first securitization, a $95 million transaction backed by residential transition loans (RTLs). The deal marks a significant step for the company following the launch of its asset management subsidiary, Backflip Asset Management LLC, in mid-November. The firm said the securitization […]
While mobile apps have reshaped customer service across most industries, mortgage servicers are lagging, leading to uneven digital experiences for borrowers. That’s according to the inaugural J.D. Power U.S. Mortgage Servicer Digital Experience Study, released on Thursday. The study is based on 5,223 evaluations from customers of the nation’s largest mortgage servicers. Responses were collected […]
Gino Fronti is switching companies. The high-producing loan officer announced this week that he’s leaving Paramount Residential Mortgage Group (PRMG) to affiliate with Lower. Fronti, who’s based in Southern California, will head operations on the West Coast as an executive vice president for Ohio-based Lower. With a deep background in technology, he’ll add a second […]
In the mortgage industry, we love to talk about technology, market cycles, and rate movement, but there is one topic that still gets treated like a soft skill even though it determines almost every outcome — culture. Culture is not a perk. It is not a slogan on a wall. It is the operating system […]
Fannie Mae and Freddie Mac have curtailed the public release of their economic and housing data, prompting questions about transparency in the mortgage market, according to reporting by Inman. Fannie Mae did not release its National Housing Survey in November, marking the first missed publication in more than 15 years. Its last recorded survey in […]
U.S. Senate Democrats sent a letter to Consumer Financial Protection Bureau (CFPB) acting director Russell Vought raising concerns that any “efforts to shutter the agency” could disrupt the publication of average prime offer rates (APOR), a key benchmark in the mortgage market. The CFPB manually calculates and publishes detailed APOR tables on a weekly basis. […]