EverBank and WaFd to merge, shifting away from residential lending.
EverBank and WaFd merging to form a $75B bank shifts focus from residential to commercial and specialty finance - implications for private lenders. Outlook
Mortgage Bankers Association challenges New Jersey’s disparate impact rule.
A leading industry trade group claims a regulatory rule effectively forces lenders to consider borrowers’ race when making credit decisions, framing the issue as a collision between policy goals to address unequal outcomes and statutory prohibitions on race-conscious underwriting. The group argues that the [...]
Atlas VMS completes acquisition of CloseClear.ai.
Atlas is moving to fold the platform’s monitoring capabilities into AIM-Port as a premium module, signaling a strategic push to consolidate surveillance and analytics inside its core servicing stack. The integration is framed to centralize portfolio monitoring, exception workflows and compliance oversight within a [...]
Zillow asks court to pause discrimination lawsuit pending arbitration.
A former mortgage manager has taken his dispute to federal court in Denver after filing claims tied to his termination. The move converts an employment grievance into formal litigation and places the employer under immediate legal and reputational scrutiny. The complaint, brought by the [...]
Mortgage rate locks declined 9%, Optimal Blue reports.
Mortgage market activity cooled as total locks declined by nine percent from the prior month, signaling weaker borrower engagement and a thinner originations pipeline. The 30-year conforming mortgage rate stood at 6.72 percent, which kept refinancing economics unfavorable for many homeowners and left refi [...]
Daniel Lewis urges Better shareholders to oppose Vishal Garg’s proposals.
An interim chief executive has publicly stated that every member of the board, with the sole exception of director Garg, opposes his return to the role. That assertion exposes a deep fracture in board cohesion and reframes an internal succession issue into a governance [...]
Opendoor advances mortgage offerings while reporting controlled costs.
Opendoor’s loan offering is no longer constrained to purchases of its own listings; borrowers can now use the product to finance any home purchase on the open market. The move represents a strategic expansion of a vertically integrated business model into a broad retail [...]
Can technology reduce agents’ liability for listing errors?
LiDAR and 3D tours verify square footage and reveal AI-edited photo alterations, improving collateral accuracy and risk assessment for private lenders. Ops.
Truss Financial scales hybrid model with direct lending platform.
Truss is shifting underwriting and funding in-house as a deliberate effort to compress loan turn times and tighten control over the fulfillment pathway. By integrating automated credit decisioning with internal funding workflows, the firm seeks to eliminate third-party handoffs that commonly produce delays and [...]
George Morales discusses proprietary reverse mortgages, MISMO standards.
MISMO reverse workgroup advances data and process standards to lower tech barriers, helping private lenders enter and scale in the reverse market securely.