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February 2026

Alanna, Settlor partner on FinCEN compliance options

Compliance, FinCEN, HWmember, Money laundering, Regulatory Compliance, Title, Title insurance /

Alanna.ai and Settlor today announce a collaboration to develop technology solutions aimed at helping title and escrow companies comply with new federal reporting requirements under the Financial Crimes Enforcement Network’s (FinCEN) anti-money laundering rule (AML). The partnership integrates Alanna.ai’s compliance tools with Settlor’s provider-agnostic title production system, giving title professionals multiple options for managing FinCEN-related […]

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Mortgage Rates Only Modestly Higher Despite Bond Market Weakness

Uncategorized /

Weakness in the bond market generally means higher mortgage rates. Today was no exception. A key economic report on the manufacturing sector was much stronger than expected. Bonds lost ground as a result and mortgage lenders were forced to set rates higher than Friday’s latest levels. But the caveat is that the average lender was

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CFPB accused of siding with credit bureaus on complaints

Credit reporting, Politics and policy, Secondary markets /

The Consumer Financial Protection Bureau wants to make it more difficult for Americans to file complaints against the three major credit repositories, the National Consumer Law Center alleges. Processing Content This effort could carry over to other products covered by the complaint portal, the organization added. “Last year, consumers filed nearly five million complaints with

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Home discounts hit highest level since 2012, Redfin finds

Home Prices, Housing affordability, Housing markets, Redfin /

The abundance of sellers in the housing market has given buyers a major advantage, leading to record discounts, according to a new industry report. Processing Content The average homebuyer who purchased a home below the asking price last year received a 7.9% discount, the largest since 2012, Redfin found by comparing original list prices with

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Fairway agrees to financial penalty over unlicensed LOs

Law and legal issues, Originations, Regulation and compliance /

Fairway Independent Mortgage Corp. agreed to resolve alleged violations surrounding unlicensed lending activity that occurred at one of its California branches earlier this decade and pay $160,000 in penalties.  Processing Content In 2021 and 2022, unlicensed branch employees were alleged to have conducted origination activity that was only permitted to be carried out by licensed

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Partial shutdown hits HUD, FHA and flood insurance programs

Government Shutdown, Politics and policy /

A partial government shutdown that began over the weekend remained in effect Monday, as the House had yet to act on a Senate-passed compromise bill that includes mortgage-related funding. Processing Content The departments of Housing and Urban Development and Treasury among the agencies affected. So too is the National Flood Insurance Program. “Most HUD staff

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High-quality investment mortgages secure EFMT’s $325.7 million RMBS

Bank of America Merrill Lynch, RMBS, Securitization /

A pool of residential mortgages financing investor properties and second homes will collateralize $325.7 million in residential mortgage-backed securities (RMBS) from the EFMT 2026-AE1. Processing Content Although investor properties, which are prone to higher chances of default, account for 58% of the pool, analysts at Kroll Bond Rating Agency point out. Yet those chances of

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Sogorka leaving Rocket Pro, Niemiec returns as role shifts

Sogorka leaving Rocket Pro, Niemiec returns as role shifts

CAREER & COMPENSATION, Career moves, Mortgage brokers, Rocket Mortgage /

Daniel Sogorka, the general manager of Rocket Pro since September 2024, is leaving the post, the parent company confirmed. Processing Content News about Sogorka’s departure was first announced internally on Friday and was first reported in several mortgage industry publications. Dan Sogorka, general manager at Rocket Pro TPO.Courtesy of Rocket Cos. He said his time

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Rithm takes minority stake in servicing platform Valon

Rithm takes minority stake in servicing platform Valon

Artificial Intelligence, Industry News, Mortgage technology, Servicing, Technology /

Rithm Capital is boosting its investment in servicing technology provider Valon, taking a minority equity ownership stake and expanding on their existing business partnership. Processing Content With the move, Rithm expects to reduce costs for its home finance subsidiary, Newrez, and further scale development of Valon’s artificial intelligence-backed operating system “to modernize the $13 trillion

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