Mortgage Connect Acquires Majority Stake in Stavvy and Integrates eClosing.
Mortgage Connect buys Stavvy and combines eClosing with Simply Secure Sign, unifying digital collateral and eNote workflows to benefit private lenders now.
HUD watchdog finds $4.3M in improper payments at 3 housing authorities.
HUD OIG audits found $4.3M+ in improper housing-assistance payments across major city housing authorities; flags for underwriting and portfolio risk signs.
Property tax delinquencies reach multi-year high as ownership costs rise.
Non-escrowed property-tax delinquencies at 5.2% raise collection risk and cash-flow pressure for private lenders reviewing portfolio and underwriting risk.
Better 2.0 targets a $50M quarterly expense base as Garg reshapes firm.
Private lenders: Garg's 90-day plan for Better aims at a $50M expense base, HELOC/wholesale growth, a CEO search and potential bank sale and bank sale bid
Indecomm launches AuditGenius to link mortgage QC findings to guidelines.
A new compliance and quality-control tool is being presented to the industry that ties every automated finding directly to page-level evidence, creating a clear, auditable trail between system conclusions and the source documents they reference. By anchoring flags and exceptions to the exact pages [...]
The ARM reset wave will peak and affect select groups of borrowers.
Market intelligence from ICE and Optimal Blue points to an incoming cohort of adjustable-rate mortgage resets that is sizable but broadly manageable for the industry. The data indicate that many ARMs are cushioned by contractual rate caps, borrower credit quality and home-equity buffers that [...]
UWM adopts dual-score model and auto-selects optimal result.
Mortgage lenders are shifting to pulling both FICO and VantageScore on every credit inquiry, a move designed to broaden the informational foundation for underwriting and pricing decisions. Capturing dual scores exposes model divergences that can materially influence eligibility and risk tiering, enabling underwriters and [...]
Valon secures $150M at $2.3B valuation amid servicing tech competition.
Valon raised $150M Series D at $2.3B valuation; one in six U.S. mortgages is contracted on ValonOS - practical servicing implications for private lenders.
Vishal Garg Regains Control of Better’s Board After 52.02% Vote
Private lenders: Better’s founder Vishal Garg regained board control after a 52.02% shareholder vote, triggering a governance reset and oversight shiftsUS.
Two Harbors countersues UWM over hedging dispute and merger breach.
The REIT is pursuing the return of a $25.4 million breakup fee tied to a failed transaction, framing the dispute as a contractual question over entitlement and proper retention. That posture elevates the matter beyond negotiation to likely formal recovery efforts, including litigation or [...]