UWM introduces 50-bps incentive for brokers amid spring home buying surge
UWM introduces a 50-bps purchase incentive on locked loans, requiring a minimum 700 FICO score, with specific product exclusions noted.
Rancho Mission Viejo launches final all-age phase at Rienda for growth.
Rancho Mission Viejo partners with Trumark Homes, Lennar, and Shea Homes for 232 new homes, limiting market-rate supply until 2027 in Rienda.
Better plans $69 million stock raise and sale of UK bank.
Company plans to raise approximately $69 million through the public offering of Class A common stock, enhancing capital for future investments and growth.
Newrez Undergoes Enforcement Action in Washington State for Servicing Issues
The Washington State DFI has charged Newrez with multiple mortgage servicing violations, raising concerns for private lenders about compliance standards.
FinCEN Proposes New Anti-Money Laundering Regulations for Financial Institutions
Public comment will be open for 60 days following the proposal's publication in the Federal Register, providing an opportunity for stakeholder feedback.
Broker-lender agreements are reshaping the landscape for reverse mortgage firms.
New broker-lender agreements are transforming collaboration in the reverse mortgage sector, targeting churning—a long-standing challenge in the industry.
Is Your Organization Prepared for the New Borrower-Agent Dynamic?
AI is shifting the power dynamics in lending, granting borrowers better insights. Lenders must adapt their processes to maintain competitive edge and minimize declines.
Almost half of home listings in Florida and Arizona reduce prices.
Price reductions in Arizona (45%) and Florida (44%) significantly surpass the national average of 34.4%, indicating shifting market dynamics for private lenders.
Mortgage Applications Decrease as Refinancing Slows and Purchase Demand Declines
Mortgage applications decreased by 0.8% as the 30-year fixed rate dropped to 6.51%. Refinances declined by 3%, while purchase applications saw a 1% increase.
Auction.com’s 2026 forecast indicates pessimistic home price trends.
Auction.com's Buyer Outlook reveals a significant decline in buyer sentiment regarding distressed home prices and rental markets, marking a five-year low in bearishness.