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Author name: Ricky Vasquez

HECM lenders see subdued numbers to start the year

FHA, Home equity loans, LOAN PRODUCTS, Originations, Reverse mortgages /

Early-year data shows a noticeable slowdown in government-backed reverse mortgage endorsement volume, and the rise of proprietary products may be playing a role.  Processing Content Endorsements of Federal Housing Administration-backed Home Equity Conversion Mortgages dropped 20.7% between January and February to 1,821 transactions, according to the latest data from Reverse Market Insight. January’s total had […]

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Elliott, SMBC and Macquarie exposed to collapsed lender MFS

Secondary markets /

Elliott Investment Management, SMBC and Macquarie Group Ltd. are exposed to Market Financial Solutions Ltd., adding to the list of Wall Street firms caught up in its collapse. Processing Content Elliott holds about £200 million ($268 million) of mortgage-backed facilities tied to the failed lender while Sumitomo Mitsui Banking Corp. has about £100 million of

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Housing bill moves forward with institutional housing ban

Housing, Politics and policy, Regulation and compliance, Trump administration /

Key insight: The White House has indicated its support for the compromise legislative language now moving forward in the Senate. The House passed its own housing bill last month, which included a number of community bank-related riders.  What’s at stake: Legislative language related to brokered and custodial deposits, as well as other policy reforms aimed

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Bad breakup at Direct Mortgage spills into court

CAREER & COMPENSATION, Law and legal issues, Mortgage technology /

Direct Mortgage says it’s happily acquired, but a past ugly breakup is coming to light.  Processing Content Ex-employees Brooks Kelly and Jason Harris are suing the Utah-based Direct and its CEO Jim Beech in federal court, over an expensive split involving faulty software, hundreds of thousands of dollars in compensation and an unfulfilled acquisition. The

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Middle East conflict stokes inflation, risks higher rates

Economic indicators, Economic news, Mortgage Rates, Politics and policy, REALTORS & HOMEBUILDERS /

Early market reactions to the U.S.-Israel-Iran conflict suggest inflation fears, not flight-to-safety buying, are dominating Treasury yields, a dynamic that could put upward pressure on mortgage rates. Processing Content Resolving the conflict swiftly and handling it in such a way that it increases security in the region could have some positive ramifications for housing, but

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Lenders rethink outreach as trigger leads face limits

Lenders rethink outreach as trigger leads face limits

Law and legal issues, Marketing, MARKETING TO BORROWERS, Originations /

Mortgage originators are divided on the marketing value of trigger leads. Even some who use them told National Mortgage News in industry research that they question the tactic’s impact. But regardless of where they stand, many expect to adjust their approach as rules for them are set to change on March 5. Processing Content The

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The Best Small Mortgage Companies to Work For in 2026

2026 Best Mortgage Companies to Work For, CAREER & COMPENSATION, Originations /

As part of the National Mortgage News ranking of Best Mortgage Companies to Work For in 2026, we celebrate in particular the home lenders with under 100 employees which are considered among their staffs the best mortgage company to work for in 2026. This ranking is a partnership between National Mortgage News and the Best

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Tariff ruling could hamstring unilateral release of GSEs

Mortgage Rates, Secondary markets, The Great American Mortgage Corporation /

Even if he was so-inclined to do so, President Trump might not be able to unilaterally release the government-sponsored enterprises from conservatorship because of the U.S. Supreme Court tariff ruling, a BTIG analyst report postulates. Processing Content Since Feb. 13, with the exception of Feb.18, mortgage rates have been under 6%, reaching 5.9% on Feb.

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What war risk could mean for builders, rates and spring demand in 2026

Construction, Homebuilders, Leadership, Residential Real Estate, The Builder's Daily /

Nature abhors a vacuum and does something about it. Homebuilders, their business and channel partners, their investors and lenders and their customers abhor uncertainty. But what can and will they do about it? Other than brace for more bumps. More air pockets. More “buying” of sales rather than selling of American households on houses that

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Experian imposes another price increase on mortgage lenders

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

Experian is imposing another price increase on credit reports sold to mortgage lenders — an unusual move at this time of year, according to resellers who spoke with HousingWire. “I have never seen a price increase after a price increase in January,” said one reseller executive, who requested anonymity to avoid potential retaliation. “It comes

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