(Bloomberg) — Former Federal Reserve Governor Adriana Kugler, whose abrupt resignation allowed President Donald Trump to install an ally at the central bank, violated Fed ethics rules and was subject to an internal probe when she stepped down in August, documents released Saturday showed. In her final weeks at the Fed, Kugler sought to address […]
Ex-Fed Gov. Kugler resigned after violating trading rules Read More »
West Palm Beach, Florida-based Newday USA, a specialist in lending to U.S. veterans, named Neil Brooks as president of its new mortgage program. As head of Newday Home, Brooks will lead efforts to open homeownership to veterans through the unit, including the launch of a network of national real estate agents. A U.S. Navy veteran,
Loandepot, Cenlar, Union Home add new mortgage leaders Read More »
The mortgage servicing rights market changed dramatically when the government-sponsored enterprises went into conservatorship and Basel bank capital rules tightened, so stakeholders are watching the review of both carefully. Those two historic changes created the “perfect storm” for MSRs that led to a concentration of large nondepository players, an advocate for mid-sized banks said at
How Basel, GSE changes may upend MSR dynamics Read More »
For many Realtors, the legal maelstrom that engulfed the industry over the past two years, served as a wake up call of sorts, forcing them to look for ways to mitigate and manage risks. Given this environment, it is no surprise that risk management was a popular topic at the National Association of Realtors (NAR)
What you need to know about listing fraud and real estate risks Read More »
Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: Redfin puts forth AI chat tool for home searches Redfin has launched a new AI-powered “conversational home search” on its website, allowing users to find homes through natural
Tech Pulse: Redfin, Real Brokerage show off AI home search Read More »
After a year of easing mortgage rates and slightly improved affordability, the U.S. housing market heads into 2026 with expectations for steady, if uneven, progress. First American deputy chief economist Odeta Kushi said a broader reset remains gradual. “There are no quick fixes — recoveries take time,” she said. “The trends of 2025 will continue
First American’s 2026 housing market forecast points to better affordability Read More »
Figure Technology Solutions reached $2.5 billion in consumer loan marketplace volume in the third quarter of 2025 — a 70% year-over-year increase, the company reported Thursday in its first earnings release since going public. Most of Figure’s volume continues to come from home equity lines of credit (HELOCs). New product categories — including crypto-backed loans,
Figure’s marketplace accelerates with $2.5B in Q3 volume Read More »
Earlier this month, title and real estate services company Stewart Information Services Corp., owned by SISCO Holdings, agreed to acquire the mortgage services of property preservation provider Mortgage Contracting Services (MCS) for $330 million. The transaction, which expands Stewart’s suite of services in the property preservation arena, supports default servicing while providing MCS with additional capital to invest in other
Macquarie’s Jason White on the Stewart-MCS deal Read More »
As the National Association of Realtors (NAR) and its members prepare for Monday’s board of directors meeting, leaders are asking members and directors to consider some proposed changes to both the code of ethics and MLS rules. Repeals are the name of the game When it comes to MLS rules, according to Merri Jo Cowen,
NAR proposes MLS rule repeals, updates to code of ethics Read More »
While much of the U.S. housing market faces affordability pressures and elevated mortgage rates, the luxury sector continues to expand. A new Mordor Intelligence report projects the high-end residential market will exceed $338 billion by 2030, up from roughly $289 billion today. The firm reports that although the West accounted for a third of luxury
Luxury real estate market projected to exceed $330B by 2030 Read More »