As mortgage lenders confront a “paradigm shift” driven by technology, cost pressures and temperamental market conditions, executives warned that those who fail to adapt risk being left behind. Speaking at HousingWire‘s 2025 Mortgage Banking Summit earlier this week, David Lykken, the president of Transformational Mortgage Solutions, and Adam Carmel, the CEO of Polly, offered a […]
Mortgage lenders face tech-driven paradigm shift Read More »
Fair Finance Watch, a self-described watchdog for the financial services industry, has filed early opposition to Fifth Third Bank‘s proposed acquisition of Comerica, urging the Federal Reserve to hold public hearings and scrutinize the Cincinnati-based lender’s mortgage lending record before approving the deal. In a letter sent Oct. 8 to Fed Chair Jerome Powell and
Fair Finance Watch opposes Fifth Third-Comerica merger Read More »
In August, the agents at Berkshire Hathaway HomeService Florida Properties Group found themselves under siege from fraudsters. “It began with the mother of one of our agents getting a call at two o’clock on a Sunday morning from a number that looked identical to her daughter, with her daughter’s photo,” Casey Bryan, the president of
Florida brokerage endures a nightmare and lesson in real estate cybersecurity Read More »
It’s getting pretty tough to weave an interesting narrative on mortgage rates over the past 3 weeks. During that time, they just haven’t changed that much for the average lender. Today was just another day in that regard. Bonds (which dictate day to day movement in rates) were slightly weaker than yesterday. This implies slightly
Mortgage Rates Move Slightly Higher Read More »
The National Fair Housing Alliance and a top Democrat are criticizing the new leader of a federal fair housing office over his alleged troubling record regarding civil rights. Craig Trainor was confirmed Wednesday as the assistant secretary for the Office of Fair Housing and Equal Opportunity at the Department of Housing and Urban Development. Senators
Critics question HUD fair housing boss’ civil rights record Read More »
Total mortgage origination volume is projected to surpass $2 trillion by the end of the year for the first time since 2022, according to a recent forecast. The milestone is driven by a 48% jump in refinance dollars and 12% spike in purchase dollars, an overall 20% increase from last year, according to iEmergent’s 2025–2027
Forecast calls for originations to surpass $2 trillion this year Read More »
Mortgage fraud risk ended the second quarter at its highest level in over three years as issues related to undisclosed real estate debt and transaction misrepresentations had significant annual increases, according to Cotality. When compared with the first quarter, the Cotality Mortgage Application Fraud Risk Index rose by 1.4%, while jumping by 6.1% compared to
Mortgage fraud risk rising as housing market struggles Read More »
A lapse in the National Flood Insurance Program because of the US government shutdown threatens to snarl home sales in the nation’s riskiest floodplains and leave some homeowners without coverage in the middle of hurricane season. Without reauthorization, the program – which counts more than 4.7 million policies providing more than $1.3 trillion in coverage
Shutdown cuts off flood insurance program during storm season Read More »
Key insight: Federal Reserve Gov. Michael Barr said in a speech Thursday that he fears the way tariff price increases are being passed on to consumers could result in an unmooring of inflation expectations, potentially leading to more inflation — and higher interest rates — down the road. Expert quote: “While, in principle, tariffs are
Fed’s Barr skeptical that inflation has been tamed Read More »
Following a turbulent summer, customer-relationship management platform Aidium has relaunched as Lendware, with new leadership installed and existing operations overhauled. New York-based technology firm Lendware announced this week it had acquired assets belonging to the CRM platform, subsequently rebranding it to the new parent’s name. The company also appointed longtime technology executive Josh Glantz
Aidium rebrands as Lendware after summer turmoil Read More »