Newrez reports solid Q2 profits with a focus on $65B in 2026 originations.
Newrez reports a profit increase in Q2 driven by improved servicing performance and higher originations, signaling positive trends for private lenders.
California Realtors Group Provides Grants for First-Time Homebuyer Insurance
Explore how California Realtors are supporting first-time buyers with grants, providing crucial financial assistance for insurance costs and easing home purchase barriers.
MBA Raises Concerns to FHFA Over Changes to Manufactured Home Definition
The Mortgage Bankers Association advises the Federal Housing Finance Agency to proceed cautiously with finalizing updates to the Duty to Serve rule, highlighting key industry concerns.
Judge Refers Fannie Mae Discrimination Case to Arbitration Process
A federal judge has ruled in favor of Fannie Mae, dismissing a lawsuit from 44 ex-employees alleging discriminatory firing related to a charitable program.
You Remain Accountable When Your AI Vendor Makes Errors
Mortgage servicers must manage AI-driven account decisions under OCC guidance, GSE requirements, and Treasury controls, ensuring compliance through robust vendor contracts.
Beware of Misleading Information About Foreclosure Trends
Foreclosures rise by 21%, indicating market normalization rather than crisis, with new listings limited and homeowner equity staying robust.
Berkshire Finalizes Taylor Morrison Acquisition Worth $8.5 Billion
Berkshire completes Taylor Morrison acquisition at $72.50 per share, valuing the equity at $6.8B and total enterprise value at $8.5B, impacting market dynamics.
Deed theft increasingly endangers seniors and Black homeowners.
New York City attorney highlights key red flags for real estate and title agents, emphasizing critical issues to watch for in transactions to ensure due diligence.
Mortgage Defaults Stabilize; FHA New Defaults Decrease by 15 Percent
June data reveals a 3.55% delinquency rate and a 15% year-over-year drop in FHA new defaults, alongside a rise in foreclosure inventory to 0.53%.
Roomvu Introduces AI-Driven Recruiting Tools for Brokerages
Brokerages can streamline their recruitment strategies by creating and automatically sharing branded videos and posts to attract potential agents effectively.