Leo Pareja appointed CEO of AGNT as Glenn Sanford steps down.
Sanford says AGNT now operates independently after long-term growth signaling stable governance and operational continuity that matters to private lenders.
Fed’s Waller Anticipates Further Rate Hikes, Not Necessarily Consecutive.
Fed signals more rate hikes are likely but can be spaced across meetings, affecting mortgage pricing, loan demand and private-lender portfolio managements.
UWM eliminates minimum credit-score overlays for agency loans.
UWM drops credit-score overlays on agency loans, shifting eligibility to automated underwriting while retaining credit-score influence on pricing and risk.
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.
CRMLS takes action against Compass; will other MLSs follow?
Industry leaders are responding as CRMLS seeks to stop Compass from pursuing a court challenge to MLS rules, framing the dispute as a broader contest over who controls listing governance and data access. The clash highlights core tensions between large platform-style brokerages and traditional [...]
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 [...]
Rocket Pro’s Power Play introduces Orbit rewards.
Mortgage originators are rolling out a compact suite of borrower-focused concessions designed to smooth the application-to-commitment journey and reduce immediate consumer costs. The package highlights eligible EPO fee protection to mitigate certain early lock-related charges, same-day conditional approvals to accelerate underwriting and shorten time [...]