Construction spending up 1.1%, but single-family outlays still below peak.
Private residential construction spending rose, while single-family outlays remained lower yearly, as elevated borrowing costs continue to suppress demand.
FHA Implements Optional Transition to UAD 3.6.
Lenders can now submit FHA appraisals using the Uniform Appraisal Dataset 3.6, signaling an operational update in appraisal data standards. UAD 3.6 tightens validation rules, clarifies field definitions and adds or refines data elements to improve consistency and machine-readability of appraisal reports. FHA acceptance [...]
Competitive market shifts growth to nondelegated mortgage lenders.
Data from industry channels points to a marked concentration of new mortgage production among a small set of lenders as loan originators increasingly migrate to brokerage and correspondent platforms. Originators are gravitating toward channels that offer stronger compensation, broader product access, faster turn times [...]
FHFA’s unified LLPA grid for FICO and VantageScore concerns investors.
Summit attendees pressed industry stakeholders on how investors will value and allocate capital to MBS pools structured around VS4 features, highlighting a broad sense of uncertainty in secondary markets. Participants framed VS4-driven securities as a potential inflection point for pricing conventions, noting that investor [...]
Garg: Better board will honor results after consent vote confirmation.
Garg says a consent solicitation has secured support from more than half of voting interests, a development that, if upheld, would enable the removal of five directors from the company’s board. The announcement frames this as a targeted governance action driven by a group [...]
Older home sellers require clear guidance, not faster closings.
National Association of Realtors data identifies a mid-sixties median seller profile, while supplementary research flags a different outcome for homeowners who sell later in life. Sellers in their seventies are more likely to realize lower returns, with two recurring drivers: a higher incidence of [...]
Elio Mortgage raises $5.1 million in pre-seed funding.
A financing round led by Motive Partners and Social Leverage gives Elio strategic capital and market endorsement to accelerate national expansion. The investor mix—heavy on fintech and growth-oriented capital—signals confidence in the company’s model and provides resources to move beyond localized operations. Elio’s public [...]
UWM’s Mat Ishbia endorses VantageScore 4.0, praises Underwriting+ results
Ishbia used a prominent industry forum to frame UWM’s Underwriter+ as a deliberate upgrade to the lender’s underwriting engine, pitching it as a hybrid of automation and experienced human oversight designed to tighten risk controls while shortening turnaround times for originators. His remarks emphasized [...]
Sitzer settlement survives another challenge as attorneys dispute $120M.
Two objectors named March and Friedman were denied rehearing, a development that consolidates the standing of the underlying adjudication and narrows immediate avenues for judicial reversal. The denials signal that the body asked to reconsider found the original disposition sufficiently supported to maintain, which [...]
NeighborWorks America awards $4.14 million in supplemental grants.
The awards support a network of 23 organizations operating across 17 states and the District of Columbia, creating a geographically broad platform to strengthen local mortgage-related services. By channeling resources to multiple community actors, the initiative is poised to expand housing counseling, loss-mitigation assistance, [...]