FASB proposal to standardize how mortgage servicers value recapture.
FASB’s proposed rule would require servicers to include recapture in mortgage servicing-right valuations, reducing accounting inconsistency across firms. for
Fannie Mae updates Desktop Underwriter to flag loan issues sooner.
Fannie Mae’s Desktop Underwriter enhancements flag potential loan issues earlier and streamline validation workflows, aiding private lenders’ risk assessment
Federal judge dismisses UWM 401(k) forfeiture lawsuit.
Michigan judge dismisses class action alleging UWM violated ERISA by using forfeited employer 401(k) contributions; implications for private lending sector.
File operations costs will become the next pressure point for brokerages.
The commentary argues that many transaction-management tools deployed across mortgage operations function mainly as task trackers rather than as true end-to-end transaction platforms. These systems capture milestones, assign tasks and log progress, but they typically do not author documents, proactively obtain or verify signatures, [...]
New Jersey considers removing home interior photos at a buyer’s request.
Regulatory noncompliance exposes licensees to fines, license revocation and enforcement; private lenders must assess partner compliance risk and mitigation.
Court grants initial approval in HouseCanary bankruptcy.
New Jersey bankruptcy court approved first-day motions and authorized debtor-in-possession financing after a significant loan default left the company in urgent need of liquidity. The court’s order permits the debtor to draw on a DIP facility to sustain operations, meet payroll, and continue vendor [...]
Las Vegas leads relocation searches; Florida draws most interstate buyers.
Relocation trend: Las Vegas tops metro destination; Florida leads state inflow. Nearly 1 in 5 buyers search outside metro—implications for private lenders.
Bookspan Baker team joins NEXA Lending to launch Keepsake Loans.
Bookspan and Baker move their mortgage team to NEXA Lending and launch Keepsake Loans to expand private lender opportunities in portfolio and bridge finance.
Better opens probe into ex-CEO Vishal Garg amid board dispute.
Special committee probes allegations against former CEO Vishal Garg amid board consent dispute; lenders note governance risks and due-diligence impact now.
Liability for faulty listings rests with the agent, not the AI.
An industry report shows that 48 percent of Realtors now use artificial intelligence regularly, signaling a clear transition from experimentation to operational adoption across brokerage workflows. The statistic reflects AI’s growing role in sourcing and screening listings, personalizing client outreach, automating document preparation and [...]