Mortgage news — interest rates, lender policies, refinancing options, and home loan advice.
DSCR loans are booming amid fragmented underwriting standards
# DSCR Loans Surge While Underwriting Rules Remain Wildly Inconsistent Debt service coverage ratio loans are experiencing explosive growth, but the m…
Housing market faces headwinds as mortgage rates move above 7%
# Housing Market Faces Headwinds as Mortgage Rates Move Above 7% Mortgage rates have climbed above 7 percent, creating fresh pressure on an already f…
August CPI shows sticky core inflation ahead of Fed meeting
# August CPI Shows Sticky Core Inflation Ahead of Fed Meeting The August Consumer Price Index revealed stubborn core inflation readings that economis…
CCM pushes conforming loan limit to $845,000 ahead of FHFA announcement
The Conforming Loan Mortgage Collaboration (CCM) has raised its conforming loan limit to $845,000, positioning conventional lenders ahead of the Feder…
New credit score pricing grids point to higher borrower costs, report shows
# New Credit Score Pricing Grids Signal Higher Borrowing Costs Ahead Lenders are preparing for steeper mortgage pricing across the board as new credi…
Mortgage rates top 7% as oil hits $100 and yields climb
Mortgage rates have breached the 7% threshold as geopolitical tensions and commodity price pressures reshape the lending landscape. Oil prices climbed…
Ocrolus integrates with Freddie Mac AIM Check
Ocrolus, the AI-powered document intelligence platform, has integrated with Freddie Mac's Automated Investment Manager (AIM) Check system. The integra…
Do you have what it takes to scale profitably for the model you are running?
# Mortgage Lenders Face Stark Cost Efficiency Gap as Profitability Pressures Mount Mortgage lenders operating across different business models confro…
GSEs open VantageScore 4.0 to all single-family lenders
Fannie Mae and Freddie Mac have expanded access to VantageScore 4.0 across their single-family lending networks, broadening the alternative credit sco…
UWM drops high-balance LLPAs, extends Bullseye 90 pricing
# UWM Expands Jumbo Lending Access While Stripping Loan-Level Price Adjustments United Wholesale Mortgage (UWM) has removed high-balance loan-level p…
Mortgage rate locks fell 9% in August, Optimal Blue reports
Mortgage rate locks dropped sharply in August, with total locks falling 9% compared to July, according to data from Optimal Blue. The decline reflects…
Commodity inflation is hot, but Fed is still focused on core inflation
# Commodity Inflation Stays Hot, But Fed Keeps Eyes on Core Numbers Commodity prices continue climbing, yet the Federal Reserve remains focused on co…
Envoy Mortgage taps Chad Smith as CEO, deepens integration with PLACE
Envoy Mortgage has appointed Chad Smith as CEO, marking a strategic shift as the lender pursues aggressive growth targets. The company aims to scale p…
JPMorgan’s $750B Bet on the Housing Market
JPMorgan Chase is deploying $750 billion into the housing market, a move that signals the nation's largest bank expects sustained demand and pricing p…
Truss Financial scales hybrid model with new direct lending platform
Truss Financial, a mortgage technology platform, is expanding its hybrid lending model by launching a direct lending platform that combines in-house u…
George Morales on proprietary reverse mortgages and MISMO standards
# Standardization Push Opens Reverse Mortgage Market to New Lenders George Morales, chair of the MISMO reverse workgroup, is driving an effort to sta…
Strong U.S. Jobs Report Sets the Stage for Possible Rate Hike
# Strong U.S. Jobs Report Sets the Stage for Possible Rate Hike The U.S. labor market added 162,000 jobs in August, the Bureau of Labor Statistics re…
Trump threatens trade halt if Fed does not cut rates
# Trump Pressures Federal Reserve on Rate Cuts as Labor Market Holds Steady President Trump publicly urged the Federal Reserve to cut interest rates …
Fay Group acquires VanDyk Mortgage to expand conforming loan footprint
Fay Group has acquired VanDyk Mortgage, a strategic move designed to strengthen its conforming loan origination capabilities and expand its mortgage s…
Why mortgage rates barely budged after jobs report beat estimates
# Mortgage Rates Hold Steady Despite Strong Jobs Data Mortgage rates remained largely flat this week despite the jobs report crushing expectations. T…
Pulte says FHFA weighing bi-merge, single credit report
# FHFA Signals Major Shift on Credit Reporting Standards for Mortgage Lenders The Federal Housing Finance Agency is actively exploring two significan…
Gaia Lands Another Extension for Williamsburg Apartments’ $48M Loan
Gaia Real Estate has secured its second consecutive one-year extension on a $48 million loan for a multifamily apartment building at 55 Hope Street in…
Vishal Garg lays out Better turnaround plan amid battle with board
# Better CEO Vishal Garg Pushes Turnaround Plan as Board Conflict Intensifies Vishal Garg, CEO and founder of Better.com, is battling his own board o…
Atlantic Avenue ranks No. 1 as higher rates keep June’s HECM broker activity in check
# Higher Rates Dampen June HECM Broker Activity, Atlantic Avenue Leads Market Atlantic Avenue emerged as the top performer in June's reverse mortgage…
NAF lays off 160 employees in consumer direct division
NAF, a prominent mortgage lender, cut 160 employees from its consumer direct division as the company responds to persistent headwinds in the mortgage …
eXp ends mortgage JV with Kind Lending, eyes Newrez deal
eXp Realty has terminated its mortgage joint venture with Kind Lending, shuttering Success Lending in the process. The real estate brokerage now pursu…
Rocket’s amended complaint says UWM targeted Mr. Cooper borrowers
Rocket Companies has escalated its legal battle against United Wholesale Mortgage (UWM), alleging in an amended complaint that the wholesale lender de…
HECM volume slips in August, with the ‘Big 3’ holding a 62% market share
# HECM Market Cools in August While Big Three Lenders Tighten Grip Reverse mortgage originations declined in August, with volume slipping as three do…
NEXA Lending launches new model, touts 100% revenue split for LOs
NEXA Lending, a mortgage origination platform, rolled out a new compensation model that grants loan officers 100% of revenue they generate. CEO Mike K…
Rocket Pro to build 3 mortgage tech tools pitched by brokers
# Rocket Pro Advances Three Mortgage Tech Tools From Broker Competition Rocket Pro, the wholesale lending division of Rocket Mortgage parent company …
Tax-Exempt Commercial Mortgage-Backed Securities Are Having a Moment
# Tax-Exempt CMBS Emerging as Affordable Housing Financing Tool The tax-exempt commercial mortgage-backed securities market is gaining traction as a …
Mortgage rates jump after Warsh’s Jackson Hole remarks
# Mortgage Rates Jump After Warsh's Jackson Hole Remarks Mortgage rates spiked following comments by Kevin Warsh at the Jackson Hole Economic Symposi…
HomeServices’ Chris Kelly says mortgage servicing is real estate’s new lead engine
# HomeServices' Chris Kelly Says Mortgage Servicing Becomes Real Estate's Lead Generation Machine HomeServices of America's mortgage servicing push t…
Rocket Pro announces ‘Moving Squad’ initiative at RPX
Rocket Pro, the wholesale mortgage platform owned by Rocket Companies, has launched a recruitment drive called the "Moving Squad" initiative at RPX, t…
How long can mortgage rates stay below 7%?
# How Long Can Mortgage Rates Stay Below 7%? Three Factors Shape This Week's Direction Mortgage rates have climbed to their highest levels of the yea…
Dan Sogorka named CEO of Informed, exits chief role at Origna8
# Mortgage Tech Veteran Dan Sogorka Steps Into Informed CEO Role While Maintaining Origna8 Board Seat Dan Sogorka has taken the chief executive posit…
The WSJ is wrong about FHA loans and nonbanks, and they know it
# WSJ Mischaracterizes FHA Lending Risk, Industry Pushes Back The Wall Street Journal's recent op-ed attacking FHA loans and nonbank lenders resurrec…
MBA president fires back on claims of poor FHA underwriting
# MBA President Defends FHA Underwriting Standards Against Wall Street Journal Critique Bob Broeksmit, president and CEO of the Mortgage Bankers Asso…
Fed Chair Warsh will vote to hike rates if data doesn’t improve
# Fed Chair Warsh Signals Hawkish Stance on Interest Rates Federal Reserve Chair Kevin Warsh has signaled a willingness to vote for rate hikes if eco…
Kevin Warsh Notes Inflation Concerns But Offers No Clues as to Next Fed Decision
Kevin Warsh, the newly appointed Federal Reserve chairman, stopped short of signaling the central bank's next move on interest rates during remarks Fr…
South River Mortgage elevates Tyler Plack to CEO
# South River Mortgage Names Tyler Plack as CEO South River Mortgage has promoted Tyler Plack to Chief Executive Officer, elevating one of its foundi…
FHA expected to keep Classic FICO as it adds new models in January
# FHA to Maintain Classic FICO While Expanding Model Options in January The Federal Housing Administration will keep its Classic FICO scoring model a…
Warsh delivers hawkish Jackson Hole speech, fueling speculation of a September rate hike
# Federal Reserve Official Signals Rate Hike Path Forward, Rattling Housing Market Outlook Kevin Warsh, a leading figure in Federal Reserve policy ci…
Real REMAX Group halts Motto Mortgage franchise growth
Real REMAX Group has halted franchise growth for Motto Mortgage, its mortgage services subsidiary, following the departure of Vic Lombardo, president …
As Kortas and Casa make peace, AIME is back in the mix
NEXA has inserted itself into a brewing industry dispute by agreeing to cover AIME memberships for roughly 4,100 loan officers while Casa, a mortgage …
Ginnie Mae wants issuers to focus on fixing loan-level data quality
# Ginnie Mae Pushes Mortgage Issuers to Clean Up Loan Data Quality Ginnie Mae is demanding that mortgage issuers and servicers tighten their loan-lev…
MBA says July mortgage payments dipped, affordability improved
# Mortgage Payments Ease in July as Affordability Gains Ground Mortgage payments declined in July, offering modest relief to borrowers after months o…
Mortgage lenders weigh AI, alternative data and credit models
Mortgage lenders are actively reshaping how they assess borrower creditworthiness, moving beyond traditional credit scores to incorporate rental payme…
DOJ, FBI say China-backed hackers breached Fed, other US agencies
# China-Backed Hackers Breached Federal Reserve and US Agencies in Major Cybersecurity Incident The Department of Justice and FBI confirmed that Chin…
Shareholder pitches public holding for GSEs as alternative to conservatorship exit
# Shareholder Proposal Offers Path to End GSE Conservatorship Through Public Listing A shareholder proposal circulating among Fannie Mae and Freddie …
Veterans United promotes Jeremyah Grigery to CMO
# Veterans United Names Jeremyah Grigery as Chief Marketing Officer Veterans United Home Loans has promoted Jeremyah Grigery to Chief Marketing Offic…
Vishal Garg pushes back on Better’s CEO termination claims in court filings
# Vishal Garg Contests Better's CEO Termination Claims in Court Filings Vishal Garg, Better's co-founder and former CEO, has filed court documents pu…
CCM closes Two Harbors deal, brings servicing in-house
# CCM Closes Two Harbors Deal, Brings Servicing In-House CCM, a mortgage servicer and lender, has completed its acquisition of Two Harbors' mortgage …
Carrington lowers non-QM threshold to 550 FICO, expands guidelines
Carrington Mortgage Company has lowered the credit score floor for its non-qualified mortgage (non-QM) lending program, opening the door to borrowers …
HECM broker endorsements continue tepid pace in May
# HECM Broker Endorsements Stall in May as Atlantic Avenue Holds Top Spot Reverse mortgage endorsement activity continued its sluggish trajectory in …
NEXA Lending acquires UMortgage, adds Anthony Casa to exec team
NEXA Lending has acquired UMortgage, bringing 246 loan officers and $2.05 billion in annual originations into its fold. The deal includes the addition…
What can the government do to lower mortgage rates?
# What Can Government Do to Lower Mortgage Rates? The federal government holds several policy levers that could help reduce mortgage rates, but struc…
Judge narrows Veterans United suit but lets RESPA claims proceed
# Judge Narrows Veterans United Suit but Lets RESPA Claims Proceed A federal judge has narrowed a lawsuit against Veterans United Home Loans while al…
loanDepot receives NYSE notice over sub-$1 share price
loanDepot faces a critical challenge after receiving a notice of non-compliance from the New York Stock Exchange. The company's stock price has fallen…
Fannie Mae reportedly cuts senior executives across business lines
Fannie Mae has begun cutting senior executives across multiple business divisions, according to reporting from the Wall Street Journal. The government…
Luminate Bank acquires select assets of First State Mortgage Services
Luminate Bank has acquired select assets from First State Mortgage Services, expanding its footprint in the Midwest and boosting loan origination volu…
Toll Brothers luxury moat meets a tougher market test
Toll Brothers, the nation's largest luxury homebuilder, faces mounting headwinds despite its fortress balance sheet. Cash buyers represented 25% of th…
Principal Financial Group Loans $32M to Refi Queens Shopping Center
Mattone Investors secured a $32 million refinancing loan from Principal Financial Group for Springnex Plaza, a 96,000-square-foot shopping center in S…
The Broker’s Guide to Winning Certainty in Bridge Lending
Bridge lenders operate on two speeds: those who talk a good game and those who actually close deals. Atlas Invest targets commercial mortgage brokers …
Developer Iadisernia Lands Mezz Loan to Finish Hallandale, Fla., Condo Tower
Developer Giuseppe Iadisernia has secured a $50 million mezzanine loan from Cottonwood Group to complete a 250-unit condo tower at the Oasis mixed-use…
Better sues Vishal Garg over alleged securities violations
Better has filed a lawsuit against Vishal Garg, its former CEO, alleging securities violations and breach of fiduciary duty. The legal action escalate…
Budget season squeezes private builders on how much risk to carry
Private builders face mounting pressure as construction financing costs remain elevated and housing starts contract. Development loan effective rates …
Pending Home Sales Retreat in July as Mortgage Rates Hit 2026 High
Pending home sales dropped in July as mortgage rates climbed to their highest levels since 2026, cooling buyer momentum across all four US regions. Th…
CHLA wants IMBs to be eligible for FHLBank membership
The Community Home Lenders Association has called for independent mortgage banks to gain eligibility for Federal Home Loan Bank membership while cauti…
Starwood Lands $483M CMBS Loan to Refi Single-Family Rental Portfolio
Starwood Asset Management, led by Barry Sternlicht, has refinanced its single-family rental portfolio with a $482.5 million CMBS loan originated by No…
USDA Loan Advantages and Disadvantages
USDA loans remove major barriers for rural and suburban homebuyers who struggle with affordability. These mortgages, backed by the U.S. Department of …
Maxwell partners with Ardley on mortgage lead recapture
Maxwell, a mortgage platform provider, has partnered with Ardley to deploy lead recapture analytics within its point-of-sale system. The integration i…
UWM faces class-action suit over hedge strategy
United Wholesale Mortgage faces a class-action lawsuit from shareholders alleging the company misled investors about how it manages interest rate risk…
Nuveen Green Capital Closes $281M Record C-PACE Loan for Boston Condos
Nuveen Green Capital closed a record $281 million C-PACE loan for Millennium Partners to fund energy efficiency upgrades at Winthrop Center, Boston's …
Radian sells real estate services, plans title sale to PLACE
Radian Group is unwinding its real estate services portfolio in a strategic pivot that signals the mortgage insurance company's retreat from adjacent …
NRMLA asks CFPB for new reverse mortgage disclosure framework
# NRMLA Pushes CFPB to Overhaul Reverse Mortgage Disclosure Rules The National Reverse Mortgage Lenders Association (NRMLA) has formally requested th…
Better pushes back on Garg’s bid to regain control, citing losses and board concerns
Better Home & Finance Holding Co. has formally rejected former CEO Vishal Garg's attempt to reclaim leadership of the mortgage lender, citing operatio…