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 [...]
Vishal Garg outlines Better 2.0 strategy in shareholder call.
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 [...]
UWM eliminates minimum credit score overlay for agency loans.
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 are an appropriate option, not a last resort.
Non-QM loans gain market share as bank-statement and DSCR programs broaden broker channels, increasing private-lender originations and yield opportunities.