Mortgage prepayments climbed to their highest level in three and a half years in October as lower interest rates prompted more borrowers to refinance, according to ICE Mortgage Technology’s First Look report. The single-month mortality rate, which measures prepayments, rose to 1.01%, up 16 basis points from a year earlier, when mortgage rates were at […]
Mortgage prepayments hit 3.5-year high as rates fall in October Read More »
The baseline conforming loan limit is set to increase by 3.25% in 2026, with Fannie Mae and Freddie Mac now authorized to purchase mortgages up to $832,750 for one-unit properties in most parts of the country, according to the Federal Housing Finance Agency (FHFA). The new limit, aligned with home-price trends, indicates a weaker housing
FHFA raises conforming loan limit to $832,750 for 2026 Read More »
Credit report prices for mortgage lenders will increase by up to 50% in 2026, despite regulatory efforts to boost competition and recent pricing shifts by some players, resellers told HousingWire. It will mark the fourth consecutive year of higher costs. The increase is tied to credit reports that originate with FICO information and flow through
Mortgage credit report costs could jump 50% in 2026 Read More »
Figure Technology Solutions Inc. filed a registration statement on Monday with the Securities and Exchange Commission (SEC) for a proposed public offering of its Series A Blockchain Common Stock, marking the launch of the first blockchain-native public equity security. Figure‘s offering introduces several industry firsts, which could make it a model for future issuances. The
Figure unveils industry-first blockchain stock offering Read More »
Bill Ackman, the billionaire founder of Pershing Square Capital Management, proposed on Tuesday a three-step plan for Fannie Mae and Freddie Mac that could still be completed this year, while labeling a stock offering as “not feasible.” Ackman’s plan begins with an agreement letter between the U.S. Department of the Treasury and the Federal Housing
Ackman proposes three-step plan for Fannie Mae and Freddie Mac Read More »
The 2025 U.S. housing market has been marked by high mortgage rates, elevated home prices and economic uncertainty, but a new HomeLight survey of loan officers at 80 top lending companies found that despite the negatives, most lenders are optimistic about their near-term prospects. More than 85% of survey respondents expect mortgage originations to rise
HomeLight: Lenders optimistic about 2026 originations growth Read More »
Figure Technology Solutions reached $2.5 billion in consumer loan marketplace volume in the third quarter of 2025 — a 70% year-over-year increase, the company reported Thursday in its first earnings release since going public. Most of Figure’s volume continues to come from home equity lines of credit (HELOCs). New product categories — including crypto-backed loans,
Figure’s marketplace accelerates with $2.5B in Q3 volume Read More »
Two Maryland-based retail mortgage lenders struck an M&A deal this week as NFM Lending has agreed to acquire Homespire Mortgage, the companies confirmed on Friday. The financial terms were not disclosed. With the acquisition, Linthicum-based NFM will expand its presence along the East Coast, while Homespire will gain access to new growth opportunities amid a
Exclusive: NFM Lending grows footprint with Homespire Mortgage acquisition Read More »
Ellington Financial reported strong financial performance from its reverse mortgage subsidiary, Longbridge Financial, during its third-quarter earnings call on Thursday. Longbridge posted net income of $8.6 million from July through September — down from the $10.7 million profit it achieved in the second quarter but a continuation of a positive trend after its $1 million
Longbridge posts $8.6M profit, record proprietary reverse volume Read More »
loanDepot reported a smaller loss in the third quarter as higher loan volumes, improved margins and increased servicing income boosted its results. Revenue for the California-based mortgage lender rose 14% from the previous quarter to $323 million, while adjusted revenue increased 11% to $325 million. Pull-through weighted gain-on-sale margins rose 9 basis points to 339
loanDepot’s Q3 loss narrows as revenue climbs 14% Read More »