Valon secures $150M at $2.3B valuation amid servicing tech competition.
Valon raised $150M Series D at $2.3B valuation; one in six U.S. mortgages is contracted on ValonOS - practical servicing implications for private lenders.
Vishal Garg Regains Control of Better’s Board After 52.02% Vote
Private lenders: Better’s founder Vishal Garg regained board control after a 52.02% shareholder vote, triggering a governance reset and oversight shiftsUS.
Upstate New York is defying the national housing slowdown.
Planned technology development in upper New York is poised to reshape the local housing market by drawing a fresh wave of buyers attracted to new employment and higher wages. Expect increased demand for single-family homes and higher-end condominiums in well-connected neighborhoods, resulting in accelerated [...]
Rocket Pro introduces Orbit Broker Rewards and extends Compass Credit.
Rocket Pro introduces Orbit, a nationwide broker rewards program tying production and loan performance, and extends its Compass 20bp pricing credit. Today.
Better advances the sale of Birmingham Bank to a consortium.
Better projects its pro forma cash position will rise to roughly $140 million if the pending transaction closes, based on its most recently reported balances. That conditional estimate, presented as a forward-looking snapshot, would materially strengthen the firm’s immediate liquidity and provide a larger [...]
June Point Lending expands DSCR loans in California.
A wholesale non‑QM lender has expanded its product set by offering DSCR loans across 19 states, bringing debt‑service‑coverage‑ratio qualification into a broader wholesale channel. The move provides mortgage brokers with access to an asset‑performance underwriting tool that measures property cash flow rather than traditional [...]
CRMLS asks court to block Compass antitrust claims.
The Multiple Listing Service has formally asked a New York federal judge to issue a declaratory judgment that its operating rules are procompetitive and comply with antitrust law. In its filing the MLS frames its policies as mechanisms that enable broad market access, standardized [...]
States increase enforcement against deed theft amid rising property fraud.
Deed-theft protections enacted in Maryland and Alabama: implications for private lenders with enhanced title checks, filing safeguards and risk mitigation.
Two Harbors countersues UWM over hedging dispute and merger breach.
The REIT is pursuing the return of a $25.4 million breakup fee tied to a failed transaction, framing the dispute as a contractual question over entitlement and proper retention. That posture elevates the matter beyond negotiation to likely formal recovery efforts, including litigation or [...]
Better ends challenge to Garg’s bid to oust directors and reclaim control.
A special committee’s decision to drop its challenge to a preliminary independent inspection report signals a meaningful shift in corporate oversight and dispute resolution. By stepping aside, the committee effectively removes a procedural barrier that had delayed formal acceptance and follow-up on the inspector’s [...]