A Mediterranean Shipping Co. container ship under construction at the HD Hyundai Heavy Industries Co. shipyard in Ulsan, South Korea, on March 30, 2025.SeongJoon Cho/Bloomberg President Donald Trump’s sweeping tariff proposals have been put on hold for another month, giving banks and industries more time to brace for impact while also prolonging the uncertainty that […]
Trump tariff extension leaves banks, Fed in limbo Read More »
The Department of Housing and Urban Development will make mortgage relief measures available in the wake of the Central Texas flooding disaster, joining others in the home lending community offering aid to hard-hit communities. With President Trump issuing a disaster declaration for Kerr County, Texas, over the weekend, a 90-day foreclosure moratorium on properties backed
HUD, lenders offer aid after deadly Texas floods Read More »
A small lender specializing in investment property loans announced an expansion into wholesale lending. California-based Dunmor announced Monday the unveiling of a wholesale broker division, which will be led by Zeenat Zonte, a wholesale executive who most recently headed the correspondent channel of Newfi. Dunmor, which was founded in 2021, currently sponsors six loan officers,
Bridge lender launches TPO division Read More »
Fairway Independent Mortgage is rebranding as Fairway Home Mortgage. The Wisconsin-based lender has operated under its original name since its founding in 1996. But the company is ready for a change, its founder said. Steve Jacobson, CEO of the firm, said the move “reflects a fresh look, a renewed perspective, a future-forward vision.” He emphasized
Fairway Independent Mortgage debuts new name Read More »
Mortgage bankers and brokers have been engaging in cautious hiring and they might want to remain careful about it given the complications the latest job numbers add to the rate outlook. At 266,700, nondepositories in the industry added an estimated 1,300 positions during the May homebuying season when compared to revised April numbers as total
Mortgage jobs, others inch up, as rate cut tensions grow Read More »
Left to right: Elizabeth Blosser, Emily Tryon, Kevin Cameron The American Land Title Association recently elevated three executives to advance the trade group’s advocacy efforts in state and federal government. The association promoted Elizabeth Blosser to chief strategy, communications and innovation officer, a role which will have her lead initiatives that will help shape the
UWM, US Bank, Cenlar, Blend announce leadership moves Read More »
Rocket Companies announced Tuesday it has officially closed its $1.75 billion acquisition of Redfin. In light of that, Rocket is launching a product called Rocket Preferred Pricing to encourage consumers to use both its mortgage and real estate services. Borrowers who purchase a home with a Redfin agent and finance it through Rocket Mortgage can
Rocket closes Redfin deal, rolls out buyer incentives Read More »
As anticipation builds around potential changes to the LO comp rule, some industry stakeholders have started to chime in with their visions of what form the regulation should take. The Community Home Lenders of America, specifically, is the first to publish a blueprint of what changes should be implemented to the Loan Originator Compensation Requirements.
CHLA floats rewrite of LO comp rule Read More »
The Department of Housing and Urban Development is weighing a number of changes to its manufactured housing program as it looks to it as a key solution to addressing the nation’s housing shortage quickly. Government officials, including the heads of Ginnie Mae and the Federal Housing Administration, outlined potential improvements under consideration, including updates to
HUD plans overhaul of its manufactured housing program Read More »
Guild Mortgage finalizing a deal to go private via a $1.3 billion acquisition by Bayview Asset Management piqued the attention of some recruiters. Inquiries to Guild’s originator talent are coming in, the firm’s originators and industry stakeholders claim. “I can confirm the phone is ringing off the hook with recruiters,” Geoff Black, originator at Guild,
Guild LOs bombarded by recruiters after $1.3B deal news Read More »