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.
Can near-8% mortgage rates force lenders to reduce staff or exit?
HousingWire Data shows a notable repricing in long-term mortgage costs, with the 30-year conforming average at 7.63% after a 31-basis-point uptick over a two-week span, while FHA rates climbed by 59 basis points. That speed and magnitude of increase compress borrower affordability, raising monthly [...]
Rocket Pro introduces Orbit Broker Rewards and extends Compass Credit.
Rocket Pro introduces Orbit, a nationwide broker rewards program tying production and loan performance, and extends its Compass 20bp pricing credit. Today.
SERHANT. expands nationally with entry into Chicago.
SERHANT.'s move into Massachusetts, Texas, California and Colorado represents a strategic multi-regional expansion that broadens the company’s geographic reach across major and diverse housing markets. The expansion signals a push for greater national relevance, bringing its brand and brokerage capabilities into Northeastern, Southern, Pacific [...]
Valon secures $150M in Series D funding at a $2.3B valuation.
The financing round that doubled the company's prior valuation and welcomed Ribbit Capital as a new backer constitutes a clear market endorsement of mortgage-focused fintech strategies. Such a valuation leap signals stronger perceived product-market fit and growth potential, while the entry of a specialist [...]
Pennymac implements VantageScore 4.0 across production channels.
A recent industry move follows guidance from the Federal Housing Finance Agency and the Department of Housing and Urban Development that opened both conventional and FHA lending to competing credit score models. That policy shift effectively removes the exclusive reliance on a single scoring [...]
KeyBank provides $92.9M for 166-unit Los Angeles affordable housing.
KeyBank arranged $92.9M financing for a 166-unit South Los Angeles affordable housing project with 164 income-restricted units; relevant to private lenders
Reverse mortgage volume hits pandemic low as HMBS issuance falls.
HECM endorsements fell 6.7% to 1,790; HMBS issuance dropped 17% to $446M reducing reverse mortgage liquidity and raising considerations for private lenders.
View Homes CEO Gandhi Rebuilds Builder Operating Platform.
A high‑level corporate plan centers on executive leadership changes, the imposition of standardized concessions practices, and a phased systems rollout spanning multiple quarters. Leadership reshuffling is positioned to tighten governance, accelerate decision cycles and centralize accountability for cross‑functional execution. Standardizing concessions aims to eliminate [...]
Real estate agents mentor college athletes to generate referrals.
As a targeted workforce-development initiative, programs that mentor student-athletes and guide them through the requirements to become licensed real estate referral agents bridge collegiate preparation and the housing sector. Participants receive structured mentoring, classroom instruction and practical support to satisfy licensing or registration thresholds [...]