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 [...]
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 gain market share as bank-statement and DSCR programs broaden broker channels, increasing private-lender originations and yield opportunities.
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 [...]
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 [...]
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 [...]
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 [...]
He joined after the closing that created Real REMAX Group, stepping into a consolidated ownership structure while both legacy brands continue to operate under distinct identities. That arrangement reflects a deliberate strategy to preserve brand equity and customer recognition even as the parent entity [...]
Two Harbors sues UWM to recover a $25.4M breakup fee and damages, alleging UWM hid financial and derivatives hedging risks—implications for lenders review
A wholesale lender reported a 68% increase in non‑QM originations over the comparable period, reflecting a pronounced uptick in demand channeled through brokers and wholesale partners. The jump suggests robust investor appetite for non‑QM paper and indicates the lender has successfully expanded product offerings [...]
