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Trump to announce new Fed chair Friday, sending the 10-year yield higher

Donald Trump, Federal Reserve, HWmember, Jerome Powell, Mortgage, Mortgage Rates, Politics, Trump administration /

President Donald Trump announced on Thursday evening that he will name his choice for the next Federal Reserve chair on Friday morning. At publication time, prediction sites Polymarket and Kalshi had Kevin Warsh as the frontrunner, putting his odds of being chosen at more than 85%, which sent the 10-year yield higher. CNBC reported that […]

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PennyMac reports Q4 profit of $107M as origination growth offsets MSR runoff

Earnings, HWmember, Mortgage, Mortgage Servicing, Origination, PennyMac /

PennyMac Financial Services reported its full-year and fourth-quarter 2025 earnings on Thursday, telling investors and analysts that higher mortgage production helped offset pressure on servicing income from increased prepayment activity. The California-based company posted a solid quarter and a strong 2025, but its growth in loan production is doing the heavy lifting. Servicing profitability is

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RealTrends Verified ranked De Niro Team joins Brown Harris Stevens

Agent, Brokerage, Brown Harris Stevens, Douglas Elliman, HWmember, New York City, People Movers, Real Estate, real estate teams /

After over two decades at Douglas Elliman, Raphael De Niro and his team are making the move to Brown Harris Stevens.  The New York City-based De Niro Team, which consists of De Niro and eight other agents, closed 14 transaction sides for a total of $52.12 million in sales volume in 2024 according to RealTrends

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Rocket RESPA lawsuit is unique but faces early legal hurdles, attorneys say

CFPB, HWmember, Lawsuit, Legal, LendingLife, Mortgage, Real Estate Settlement Procedures Act, Redfin, Rocket Companies, Rocket Mortgage /

The class-action lawsuit filed this week against Rocket Companies and its subsidiaries, which alleges violations of the Real Estate Settlement Procedures Act (RESPA), has drawn heightened attention from the mortgage industry as a wave of mergers and acquisitions accelerates the push toward vertically integrated business models. Legal experts have described the case as “unique,” saying

Rocket RESPA lawsuit is unique but faces early legal hurdles, attorneys say Read More »

Propy secures $100 million for AI-powered closing platform

Artificial Intelligence, Blockchain, Closings, eClosing, HWmember, Real Estate, Technology, Title, Title insurance /

Propy — a tech company using artificial intelligence (AI) and blockchain to automate real estate closings — announced it has secured a $100 million credit facility from Metropolitan Partners Group. Financing will be used to consolidate title and escrow companies into an AI-powered, end-to-end closing platform. According to Propy, transaction costs can approach 10% of

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Paul Fiore on making HighTechLending a bigger mortgage player

HighTechLending, Home Equity, HWmember, Mortgage, Origination, Reverse, Reverse Mortgage Daily, Team Leaders /

Paul Fiore enjoys taking on new challenges, something he’s done before during a lengthy stint at American Advisors Group (AAG) and pit stops at Finance of America and Smartfi Home Loans. Fiore’s reverse mortgage industry journey took another turn recently after he joined California-headquartered HighTechLending (HTL) as its vice president of sales and branch production.

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CHLA: IMBs drive majority of single-family mortgages in 2025

Community Home Lenders of America, FHA, Ginnie Mae, HWmember, IMBs, Mortgage, Origination, Urban Institute /

The Community Home Lenders of America (CHLA) on Thursday released its 2025 report on independent mortgage banks (IMBs), highlighting these companies as the “dominant” force in mortgage lending as they originated 84.1% of all U.S. single-family mortgages last year. CHLA cited data from the Urban Institute, the Federal Housing Administration (FHA) and Ginnie Mae in

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Howard Hanna enters Philadelphia market, partners with Art Herling Team

Brokerage, Howard Hanna, Howard Hanna Real Estate Services, HWmember, Pennsylvania, People Movers, Philadelphia, Real Estate /

Despite being a Pennsylvania-based firm, it was not until Wednesday that Howard Hanna Real Estate Services had a presence in the Philadelphia metropolitan area. The expansion comes via a partnership with Art Herling.  “Pennsylvania is a large state and over our 70-year history we’ve spread throughout the western part of the state and into central

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A blueprint for making housing more affordable 

Affordability, Affordable housing, Contributors, Housing Market, HWmember, Mortgage, Opinion /

As we kick off the New Year, affordability remains one of the biggest challenges facing the mortgage industry and the broader housing market. It continues to shape conversations among lenders, policymakers, and consumers alike. Affordability is not a rate problem Ask most people what’s wrong with housing affordability, and the answer comes quickly: rates are

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Onity Group raises $200M in debt, reports strong estimated Q4 earnings

Debt, Earnings, HWmember, Liberty Reverse Mortgage, Onity Group, PHH Mortgage Corp, Reverse, Reverse Mortgage Daily /

On the back of stronger estimated financial earnings, Onity Group — the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage — raised $200 million through a debt offering to qualified investors on Monday, exceeding its initial target of $150 million. The offering came amid the release of preliminary fourth-quarter 2025 financial results, with

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