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October 2025

UWM inks deal to name Phoenix arena Mortgage Matchup Center

Industry News, MARKETING TO BORROWERS /

The Phoenix arena home to Mat Ishbia’s basketball teams will promote United Wholesale Mortgage’s broker search website for the foreseeable future.  The Phoenix Suns, Phoenix Mercury and UWM Thursday announced a 10-year, $115 million naming rights partnership for the city’s arena to be known as the Mortgage Matchup Center, after UWM’s mortgagematchup.com site.  Ishbia, president […]

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Homeowners sue D.R. Horton over hidden mortgage costs

Homebuilders, Law and legal issues, Lawsuits, Originations, Servicing /

A group of homeowners filed a class action lawsuit against the largest homebuilding company in the United States and its mortgage lending subsidiary over money they lost in an alleged deceptive mortgage scheme. D.R. Horton and DHI Mortgage targeted prospective homebuyers with affordable monthly payment plans, but the company low-balled the true costs and excluded

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Bond yields sank — so why aren’t mortgage rates following?

Industry News, Mortgage Rates, Originations /

A mixed picture emerged in mortgage rates one day after the start of the U.S. government shutdown, while a release of new jobs data raises concerns about the nation’s economic picture.  Ten-year Treasury yields, whose movements typically influence the direction of mortgage rates, sat at 4.08% as of Thursday afternoon, tumbling 11 basis points from

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How potential changes to the GSEs could affect mortgage rates

GSE Reform, Mortgage Rates, Originations, Politics and policy, Secondary markets, Servicing, The Great American Mortgage Corporation /

Some government-sponsored enterprise reform models could add three or four figures to monthly payments, but others could exert some limited downward pressure, a Stanford Institute for Economic Policy Research report finds. Estimated mortgage-rate hikes of 0.2% to 0.8% — an additional $500 to $2,000 for the typical homebuyer — could result in certain scenarios, authors

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FICO’s new pricing program met with cautious optimism

Credit scores, FICO, Industry News, Originations, Underwriting /

Fair Isaac Corp. is rolling out a new program that lets mortgage resellers bypass the three major credit bureaus Equifax, Experian and Transunion and deliver its FICO credit scores directly to lenders, a shift the company says will bring down costs. The announcement drew cautious optimism from industry trade groups. The move avoids any additional

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MBA announces retirement of COO by year’s end

Career moves, Industry News, Mortgage Bankers Association /

The Mortgage Bankers Association’s Chief Operating Officer will retire at the end of the year, the company announced Wednesday. Marcia Davies joined the MBA in 2011 as senior vice president of conference and meetings and chief of staff under former President and CEO David Stevens. She was promoted to chief operating officer in 2014.  “Her

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Shutdown tests lenders’ plans to keep loans moving

FHA, Government Shutdown, HUD, Originations, The VA /

With the U.S. government shutdown in effect and little progress made on an eventual reopening, mortgage lenders are busy measuring operational impacts while introducing strategies drawn on past experience to keep business flowing.  As of Wednesday, many questions remain about the full extent of the impact on support provided to lenders, with most federal services

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California MBA names Paul Gigliotti new CEO as Susan Milazzo retires

California, HWmember, Mortgage, Origination, Technology /

The California Mortgage Bankers Association (California MBA) announced a leadership transition on Wednesday, noting the retirement of longtime CEO Susan Milazzo and the appointment of Paul Gigliotti as her successor. Milazzo, who has served the association for two decades, will stay on as a consultant for the next year. In her role as CEO, Milazzo

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FICO bypasses credit bureaus with new program for mortgage lenders

Credit Score, FICO, HWmember, LendingLife, Mortgage, Origination /

Fair Isaac Corp. (FICO) has launched a program allowing tri-merge resellers to calculate and distribute its scores directly to mortgage companies, effectively bypassing the three nationwide credit bureaus: Equifax, TransUnion and Experian. The move comes amid intensified competition with VantageScore, owned by the three bureaus, following the Federal Housing Finance Agency’s (FHFA) decision to let

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HUD accused of violating Hatch Act over shutdown message

Government Shutdown, HUD, Politics and policy, Regulation and compliance /

A message on the Department of Housing and Urban Development’s website blaming “the Radical Left” for the government shutdown has prompted legal complaints and accusations of a Hatch Act violation. HUD officials Wednesday pushed back on criticism of the pop-up window and banner on their home page stating “The Radical Left in Congress shut down

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