Mainstay has emerged as an independent company following its carve-out from Opendoor. The separation positions Mainstay to hone a standalone strategy, governance framework and capital structure while allowing its former parent to concentrate on marketplace operations. For mortgage industry stakeholders, the move suggests potential [...]
The firm recorded 10,478 transaction sides, placing it at No. 40 nationwide. That volume signals meaningful scale in the housing transaction ecosystem, reflecting considerable agent productivity, lead-generation capacity and geographic reach. Transaction sides are a core operational metric for brokerages and lenders, and a [...]
Lender widens nonwarrantable condo eligibility, revising underwriting and risk standards; expands private lending to formerly ineligible projects nationwide.
BofA Securities projects roughly $100 billion of upcoming securitization issuance, reflecting renewed momentum in mortgage markets driven by a surge in non‑QM residential mortgage‑backed securities that hit a record issuance level of $20.9 billion. The firm frames this as a watershed moment for alternative [...]
An Illinois judge has paused litigation by Zillow against Compass while the disputed matters proceed to arbitration. The court’s stay effectively halts the public lawsuit, shifting the immediate dispute-resolution pathway from the courthouse to an arbitral forum that policymakers and courts routinely prioritize when [...]
Private lenders: sensitivity near 7.0% mortgage rates raises pullback risk in Reno and shifts sentiment in Southwest Florida, affecting lending strategies.
HousingWire data show the 10-year Treasury trading near 5%, and locked 30-year fixed mortgage rates have increased by roughly 22 basis points recently. Because mortgage pricing remains tightly linked to Treasury yields, the move translated into higher consumer rates and compressed borrower purchasing power, [...]
Edgerton has assumed the chief executive role at CMLS, succeeding long‑time leader Denee Evans. The leadership change marks a pivotal management transition for the mortgage services firm, with immediate implications for strategic direction, board alignment and market confidence. Observers will watch how the new [...]
10-year Treasury yield rising past 5% tightens mortgage spreads, increasing funding and pricing pressure for private lenders as the Fed weighs policy. risk
Ameritrust says a Baltimore DSCR scheme used ~90 loans, shell companies, inflated valuations and title irregularities, exposing gaps in lender controls now.
