Hal Gavzie has joined Howard Hanna NYC as executive director of business development — expanding the firm’s leadership bench in New York City. Gavzie — who brings more than 25 years of brokerage leadership experience — said he’ll focus on growing Howard Hanna NYC’s footprint in the city by recruiting agents, expanding listing inventory and […]
Howard Hanna NYC taps business development head Read More »
Floify announced on Tuesday the launch of Dynamic Apps 2.0, an enhancement to its mortgage point-of-sale platform that lets lenders build and manage fully customizable digital loan applications without engineering support or third-party tools. With Dynamic Apps 2.0, lenders can configure loan application experiences by product type and borrower scenario, extending the Floify POS beyond
Floify launches Dynamic Apps 2.0 to support HELOC, specialty lending Read More »
U.S. existing-home sales rose slightly in February, increasing 1.7% from the previous month, though activity remained lower than a year earlier, according to new data released Tuesday by the National Association of Realtors (NAR). The organization reported sales reaching a seasonally adjusted annual rate of 4.09 million in February. Compared with the same month last
Existing-home sales up in February, market faces spring challenges Read More »
Today’s mortgage rates are lower when compared to yesterday’s average prior to 4pm ET. Later in the afternoon, multiple lenders announced improvements as the bond market rallied in response to geopolitical headlines. If we use those later, lower rates as a baseline, today’s average is roughly unchanged. There were no major economic reports today–not that
Mortgage Rates Sideways to Slightly Lower Read More »
Key insight: Comptroller Jonathan Gould referenced the Office of the Comptroller of the Currency’s founding by Abraham Lincoln as the basis for federal preemption policy. Forward look: He said the OCC will continue to file briefs with federal courts on the subject so that there will be a robust record to shore up the agency’s
OCC’s Gould doubles down on state preemption Read More »
Key insight: Eight civil rights nonprofits have urged a federal court to reject a proposed settlement between the Department of Justice and developer Colony Ridge, arguing an immigration enforcement clause in the settlement is “unlawful.” What’s at stake: The underlying lawsuit targeted a “foreclosure mill” that sold undeveloped, flood-prone land to Hispanic buyers at 10%
Advocates urge judge to block $68m Colony Ridge settlement Read More »
Government loan performance issues prompted tighter underwriting in the past month but credit availability expanded in other parts of the market, according to a Mortgage Bankers Association analysis. Processing Content Availability in the jumbo sector, which includes loans made outside of the regulatory definition for a standard “qualified mortgage,” expanded 2.9%, the Mortgage Credit Availability
Credit diverges: Jumbo rises, FHA slips Read More »
UWM Holdings put out a press release late on March 9, which it said was timed in advance of the Two Harbors shareholder meeting for its acquisition, scheduled for March 16. Processing Content “Even without the Two Harbors transaction, we now expect our total revenue for the first quarter of 2026 to be between $800
UWM boosts 2026 revenue outlook ahead of Two Harbors vote Read More »
Newrez, Pennymac and Rate are rolling out new products that signal a flurry of activity across the mortgage market. Processing Content The timing might be coincidental for most of these announcements, but loanDepot’s announcement it was restarting wholesale production has changed the competitive landscape for the wholesale sector in particular. Newrez has title insurance alternative
Newrez, Pennymac, Rate roll out fresh offerings Read More »
Less than two years after parent company, Onity Group, undertook its own rebranding initiative, its lending unit PHH Mortgage is taking the same name. Processing Content The West Palm Beach, Florida-based company announced plans to rename the home lender and servicer with the intent of providing continuity and consistency across businesses. Onity Mortgage will adopt
Onity rebrands PHH Mortgage to align with parent company Read More »