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Author name: Ricky Vasquez

Lenders predict 2026 rebound led by refis and home equity

Distressed, Editorial Research, LOAN PRODUCTS, Originations, Secondary markets, Underwriting /

Nearly three quarters of lenders expect mortgage volume to improve in 2026, but their confidence is concentrated in refinancings and home equity lending. Processing Content Those expectations from the National Mortgage News Predictions 2026 survey, which was fielded online during November and December among 156 mortgage-industry professionals. More than half, 55% of respondents, work at […]

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AI real estate business taps $100 million private credit loan

Originations, Technology /

Propy, a real estate technology company, tapped the private credit market for the first time, securing $100 million to support the startup’s acquisition strategy. Processing Content Metropolitan Partners Group led a credit facility to the company, which uses artificial intelligence to expedite the real estate closing process.   Propy has been pursuing a roll-up of

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Banks remain most breached sector as attacks hit record

Cyber security, Data security, Risk management, Technology, Vendor management /

Supporting data: The financial services sector saw 739 data compromises in 2025, the highest of any industry for the second consecutive year. Key insight: “Skimming 2.0” marks a resurgence of physical threats, with criminals deploying Bluetooth-enabled overlay skimmers at points of sale. Forward look: Regulators warn that reliance on third parties for critical activities creates

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Newrez beats zombie seconds suit over decades-old HELOC debt

Law and legal issues, Servicing /

Newrez has defeated a class action lawsuit regarding “zombie” second mortgages, after a judge rejected a borrower’s arguments around a lack of monthly statements from the servicer.  Processing Content U.S. District Judge Allison Burroughs granted the company’s motion to dismiss the suit Monday, giving Massachusetts plaintiff Eva Hodges 21 days to refile her complaint. The

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Bayview to pay $26 million to settle data breach claims

Cyber security, Law and legal issues, Servicing /

Bayview Asset Management has agreed to a $26 million settlement to resolve data breach claims for a prospective class of around 5.8 million consumers.  Processing Content The sides published the agreement Wednesday in a Florida federal court, and it’s subject to a judge’s approval. The deal would close sprawling class action litigation filed in 2022,

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What the Fed’s first look in 2026 means for mortgages

Capital markets, Economic indicators, Economic news, Mortgage Rates, Politics and policy /

The Federal Open Market Committee’s initial take on the economy in 2026 may temper NMN-surveyed mortgage professionals’ view that rates will fall fast and far enough to generate significant revenue gains this year. Processing Content Monetary policymakers weighed the balance of risks associated with a softer market vs. inflation in their widely anticipated decision to

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Third Point escalates clash with CoStar over Homes.com

Uncategorized /

An investor has re-thrown down the gauntlet, challenging Costar Group management over its residential real estate foray via Homes.com. Processing Content In response, Costar compared Third Point to a disappointed child playing a board game who wants to throw its pieces off of the board. It was last year when alternative asset manager Third Point

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Rocket accused of steering buyers to its mortgage business

Law and legal issues, Regulation and compliance, Rocket Mortgage /

Rocket is being sued for allegedly directing clients to its mortgage business and away from cheaper loan options. Processing Content Three plaintiffs filed the suit Monday in the U.S. District Court for the Eastern District of Michigan. They accused Rocket of exploiting the “vulnerability of homebuyers for profit,” by steering prospective borrowers to use their

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