Long-time Redfin CEO Glenn Kelman is leaving the firm, he announced in a LinkedIn post Tuesday afternoon. Processing Content “After 20 years, I’m leaving Redfin,” he wrote. “I gave it my all! Leaving was my decision. I love my colleagues. We saved consumers a billion dollars in commissions. I hope to use all that I […]
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One of the country’s leading mortgage lenders is moving into crypto, allowing borrowers to submit digital holdings as assets to be considered when applying for certain home loans. Processing Content National lender and servicer Newrez announced it will begin to recognize and accept cryptocurrencies in February across its Smart Series suite of nonagency products without
Newrez announces plan for crypto in originations Read More »
The average credit card user carries a balance of nearly $6,000, as Americans hold more debt than ever, a new industry report found. Processing Content Americans bear a record $1.21 trillion in credit card debt, as the median interest rate hit 25.3%, according to Academy Bank’s latest white paper. The trend could affect home loan
Card debt hits record amount as providers charge high rates Read More »
Americans can now get involved in the housing market without actually purchasing a home. Processing Content The market prediction platform Polymarket partnered with Parcl, a real-time housing data and on-chain real estate platform, to launch a set of markets that allow users to bet on future home prices, the companies announced in a press release
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A mostly flat December jobs report points to more of the same for housing and mortgage markets. Processing Content The U.S. added 50,000 non-farm payroll jobs last month, while the unemployment rate came in at 4.4%, according to the Bureau of Labor Statistics. The numbers edged down from 64,000 new jobs in November and a
Latest jobs report quashes rate cut expectations Read More »
Walker & Dunlop is partnering with Pretium in a $250 million commitment to affordable multifamily housing. Processing Content Walker & Dunlop Affordable Bridge Capital, the joint venture, will originate flexible, short-term first-mortgage bridge loans for properties being acquired, refinanced or prepared for long-term government-affordable programs, such as low-income housing tax credit, Section 8 and tax-exempt
Walker & Dunlop, Pretium launch $250M affordable JV Read More »
Loan-origination software provider Meridianlink reached a deal for an integration with Optimal Blue that aims to streamline processes and offer competitive pricing in secondary market sales for lenders. Processing Content With the integration, mortgage customers using Meridianlink’s LOS will gain access to Optimal Blue’s product, pricing and eligibility solutions in real time directly through the
Optimal Blue, Meridianlink to integrate pricing, LOS tools Read More »
First Federal Bank, headquartered in Lake City, Florida, is expanding its retail mortgage operations into Louisiana and Mississippi with the acquisition of NOLA Lending Group. Processing Content The mutual bank signed a definitive agreement to purchase NOLA Lending, a mortgage division of Louisiana-based Fidelity Bank, it announced in a press release Monday. The financial details
First Federal purchases Fidelity’s mortgage division Read More »
The Mortgage Bankers Association is starting 2026 with a major leadership appointment, appointing an experienced accounting executive to chief financial officer. Processing Content The industry trade group welcomed Alexandra Brinton to the role of vice president, chief financial officer. With a background working for a variety of trade and nonprofit organizations, she will be responsible
MBA welcomes Alexandra Brinton as chief financial officer Read More »
While the first few years of the mortgage industry’s relationship with artificial intelligence have been characterized by new gadgets and fear of missing out, 2026’s themes might center on how companies manage to catch up with its game-changing potential. Processing Content If or when they do, the industry should start to see standardization and scalability
Why 2026 could be the year mortgage AI delivers Read More »