UWM eliminates minimum credit-score overlays for agency loans.
UWM drops credit-score overlays on agency loans, shifting eligibility to automated underwriting while retaining credit-score influence on pricing and risk.
FICO to cut 15% of workforce and streamline management layers.
Private lenders should revise underwriting and pricing as regulators and large banks adopt competing credit-score models shifting risk and market dynamics.
HUD outlines plan to modernize manufactured housing regulations.
HUD action plan to modernize HUD Code and end permanent-chassis rules alters valuation, collateral and compliance for private manufactured-home lender risks.
Fannie Mae: Home prices up 3.4% year over year as growth accelerates.
Home prices climbed 3.40%, with seasonally adjusted gains of 0.90% from the prior period; implications for private lenders' pricing, underwriting and risk.
Better 2.0 targets a $50M quarterly expense base as Garg reshapes firm.
Private lenders: Garg's 90-day plan for Better aims at a $50M expense base, HELOC/wholesale growth, a CEO search and potential bank sale and bank sale bid
Floify appoints Bryan Traeger as general manager and plans AI expansion.
Floify appoints Bryan Traeger as general manager to accelerate AI enhancements across borrower and private lender workflows, integration and risk tools plus
June Point Lending expands DSCR program to California, its 19th state.
Wholesale non-QM lender June Point extends DSCR investor mortgage coverage into California increasing reach to 19 states and expands lending options.
Mortgage applications decline 4.2% as 30-year rate rises to 7.49%.
Refinance activity eased, down 8% week-over-week and 56% year-over-year, signaling tightening refinancing demand and potential opportunity for private lenders..
Indecomm launches AuditGenius to link mortgage QC findings to guidelines.
A new compliance and quality-control tool is being presented to the industry that ties every automated finding directly to page-level evidence, creating a clear, auditable trail between system conclusions and the source documents they reference. By anchoring flags and exceptions to the exact pages [...]
Civil rights groups warn private listings could widen housing inequities.
The groups warn that demographic gaps between sellers and first-time buyers are being exacerbated by practices that withhold properties from broad MLS exposure, effectively routing inventory toward older, wealthier networks. Withholding listings — commonly through pocket or off‑market arrangements — limits transparency and shrinks [...]