Housing market dynamics have grown more favorable for buyers and sellers in August, and it’s possible that the fall of 2025 could see even better conditions if mortgage rates return to 6%. But they haven’t approached that level in nearly a year and haven’t been consistently below that threshold since late 2022. Rates have been […]
Mortgage rates continue their slow march toward 6% Read More »
It isn’t news that ICE Mortgage Technology had planned to shut down some of its older tech systems — mainly the Encompass SDK — by Oct. 31, 2025. Users were supposed to switch to newer, API-based technology called Encompass Partner Connect (EPC) by that deadline. Now, the Halloween deadline has been pushed. Instead of 2025,
Why are some vendors dragging their feet on the ICE SDK transition? Read More »
Independent mortgage banks (IMBs) delivered a pretax net production profit of $950 per loan in the second quarter of 2025, rebounding from a $28 loss in the prior quarter. The improvement was fueled by seasonality, cost reductions and higher average loan balances. The data, released on Tuesday, comes from the Mortgage Bankers Association report covering
IMBs swing back to profitability in Q2 with $950 per-loan gain Read More »
RE/MAX Holdings has appointed Vic Lombardo as its president of mortgage services. Lombardo will succeed Ward Morrison to oversee mortgage brokerage franchise brand Motto Mortgage and third-party processing solution wemlo, the company announced on Monday. Lombardo brings more than two decades of experience to the role. He most recently served as chief operating officer of
RE/MAX turns to Vic Lombardo to scale Motto Mortgage, wemlo Read More »
The Mortgage Bankers Association (MBA)’s Builder Application Survey data for July 2025, released on Monday, shows that mortgage applications for new-home purchases increased 6.8% compared from a year ago. Compared to June 2025, applications increased by 7%. This change does not include any adjustment for typical seasonal patterns. “Purchase activity for new homes strengthened in
New-home purchase mortgage demand kept growing in July Read More »
In the debate over whether Fannie Mae and Freddie Mac should merge, the Mortgage Bankers Association (MBA) has remained consistent: “We don’t think that would be a good idea,” chief economist Mike Fratantoni said. The trade group supports a stock offering that preserves stability in the secondary mortgage market while advocating for privatization with an
MBA opposes GSE merger, supports explicit government guarantee Read More »
Several senior executives in Better’s control and finance teams, including chief financial officer Kevin Ryan, have taken additional jobs or left the company as it navigates financial pressures, according to public announcements and updates to social media profiles. In July, Ryan also joined investment bank Houlihan Lokey as a managing director in its capital solutions
Better’s Kevin Ryan adds Houlihan Lokey role amid executive shake-up Read More »
The promise that artificial intelligence brings to the mortgage ecosystem through faster processes and reduced expenses is also accompanied by the potential threat it poses to human roles. While the next two years could see an acceleration of AI-related job losses, Diane Yu urges mortgage professionals to adopt a “mindset of abundance” when approaching the
TidalWave’s Diane Yu on AI’s impact to mortgage jobs Read More »
A small fish in the pond of fintech-focused mortgage companies is trying to race to the front in the artificial intelligence arms race. And it’s not using a typical ChatGPT-style program either. Future Technologies CEO Blake Bianchi announced on Thursday that the company is launching a full-stack, proprietary AI system that promises to automate the
Future unveils Alpha, an in-house AI mortgage system Read More »
Edge One Capital has disclosed its stake in Fannie Mae and Freddie Mac, calling the government’s prolonged control of the mortgage giants the “largest shareholder rights violation in U.S. history.” It’s also proposing a road map to return them to private ownership without the consequence of higher mortgage rates. The Raleigh, North Carolina–based investment firm’s
Shareholder Edge One Capital proposes Fannie-Freddie exit without higher rates Read More »