A corporate disclosure indicates that Daniel Lewis has been removed as interim CEO of the issuer, with an SEC filing confirming the leadership change and noting an effective transition point. The public filing offers limited detail on the circumstances, leaving open whether the action [...]
Industry policy has shifted to make Automated Underwriting System (AUS) outputs the primary determinant of borrower eligibility across the major guarantors and government programs — Fannie Mae, Freddie Mac, FHA, VA and USDA. Lenders now must give heavy weight to AUS findings when structuring [...]
Non-QM loans gain market share as bank-statement and DSCR programs broaden broker channels, increasing private-lender originations and yield opportunities.
MLS enforcement: courtesy notice first; $100 fine assessed; up to $500 only after formal hearing. Relevant for private lenders, monitoring compliance risk.
Industry leaders are responding as CRMLS seeks to stop Compass from pursuing a court challenge to MLS rules, framing the dispute as a broader contest over who controls listing governance and data access. The clash highlights core tensions between large platform-style brokerages and traditional [...]
Pending sales down and mortgage rates elevated as rent growth accelerates. Market shifts could increase demand for private lending. Demand for bridge loans
Rising balances on credit cards and home equity lines of credit are pushing many homeowners, particularly older borrowers, to rethink their liquidity and debt-management strategies. As unsecured and revolving secured debt grows, the pressure on monthly cash flow and long-term affordability intensifies. Reverse mortgages [...]
Market intelligence from ICE and Optimal Blue points to an incoming cohort of adjustable-rate mortgage resets that is sizable but broadly manageable for the industry. The data indicate that many ARMs are cushioned by contractual rate caps, borrower credit quality and home-equity buffers that [...]
HousingWire Data shows a notable repricing in long-term mortgage costs, with the 30-year conforming average at 7.63% after a 31-basis-point uptick over a two-week span, while FHA rates climbed by 59 basis points. That speed and magnitude of increase compress borrower affordability, raising monthly [...]
Mortgage lenders are shifting to pulling both FICO and VantageScore on every credit inquiry, a move designed to broaden the informational foundation for underwriting and pricing decisions. Capturing dual scores exposes model divergences that can materially influence eligibility and risk tiering, enabling underwriters and [...]
