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Mortgage

NEXA Lending CEO Mike Kortas explains why he’s buying shell companies

HWmember, Mike Kortas, Mortgage, Mortgage Broker, NEXA Lending, Origination /

NEXA Lending CEO Mike Kortas is in the process of acquiring several shell companies to build joint ventures, he said in an exclusive interview with HousingWire on Monday.  “They are for multiple JVs with large teams, agencies, builders and strategic partnerships,” Kortas said without providing details on each transaction, which he said will be announced […]

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Single-file credit proposal reignites debate over savings vs risks

Bob Broeksmit, Community Home Lenders of America, credit report, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Origination /

A proposal to replace the longstanding tri-merge credit report with a single-file model has reignited debate over borrower costs and systemic risk, placing trade associations on opposing sides. Supporters argue a single pull would encourage more predictive credit data and reduce systemwide costs without materially increasing risk in some cases, noting that mortgage servicing rights

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The Mortgage Collaborative, MBA partner to expand advocacy efforts

HWmember, Mortgage, Mortgage Bankers Association, Partnerships, The Mortgage Collaborative /

The Mortgage Collaborative (TMC) and the Mortgage Bankers Association (MBA) on Monday announced a partnership aimed at expanding advocacy, education and engagement opportunities for independent mortgage lenders. The Mortgage Collaborative, the largest independent cooperative network for mortgage lenders, said the partnership is designed to strengthen connections between independent lenders and national industry advocacy efforts. Under

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Smart servicing: Why purpose-built software pays off

Mortgage, Mortgage Servicing, MSRs, Servicing, Sponsored /

The mortgage market is showing signs of recovery. After years of navigating elevated interest rates that began climbing in late 2021, lenders are seeing a path forward. The Mortgage Bankers Association’s (MBA) January 2026 Mortgage Finance Forecast projects that single-family mortgage origination volume will increase in 2026 to $2.2 trillion in 2026, up from $2.05

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Mortgage affordability at four-year high after rates fell in January

Home Price Appreciation, Home Prices, HWmember, ICE Mortgage Technology, Mortgage, Mortgage Rates, Origination, Refinancing /

Mortgage rate declines in early January allowed for refinance opportunities for nearly 5 million borrowers and pushed housing affordability to a four-year high, according to ICE Mortgage Technology‘s February 2026 Mortgage Monitor Report released on Monday. The company also said that 2025 ended with the highest level of negative equity since 2018 and the weakest

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Looming risk for mortgage credit and MBS investors from “Lender Choice”

Looming risk for mortgage credit and MBS investors from “Lender Choice”

Contributors, Credit Score, HWmember, Mortgage, Opinion, Origination /

Since 1996 when Freddie Mac introduced the industry to the first automated underwriting system (AUS) for GSE-eligible mortgages, a borrower’s credit score has served as one of the most important predictors of mortgage delinquency.  For many years thereafter, FICO score was the sole provider of scores to both GSEs’ AUS scorecards.  The arrival of VantageScore

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House scales back proposed VA mortgage fee hike

Government Lending, HWmember, Legislation, Mortgage, U.S. Department of Veterans Affairs, U.S. House of Representatives, VA Loan, Veterans /

Just weeks after mortgage trade groups expressed concern about a bill in the U.S. House of Representatives that would raise fees on U.S. Department of Veterans Affairs (VA) loans, Republicans in Congress have revised the original proposal. The bill, H.R. 6047 — also known as the Sharri Briley and Eric Edmundson Veterans Benefits Expansion Act

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Rocket, Redfin air first joint Super Bowl ad

HWmember, Marketing, Mortgage, Redfin, Rocket Companies /

Rocket Companies and Redfin on Thursday unveiled a Super Bowl commercial centered on community and the importance of neighborliness, marking the companies’ first shared national ad and Redfin’s first appearance in a Super Bowl broadcast since the company’s founding 20 years ago. The 60-second spot, titled “America Needs Neighbors Like You,” will air during the

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Rocket Mortgage alleges $194,000 loss in broker fraud lawsuit

California, HWmember, Lawsuit, Legal, Michigan, Mortgage, Mortgage Fraud, Rocket Mortgage, United Wholesale Mortgage /

Rocket Mortgage has sued a California mortgage brokerage and one of its executives, alleging they knowingly submitted fraudulent loan applications that concealed borrowers’ debts and caused financial losses after the loans were sold to investors. In a complaint filed Tuesday in the U.S. District Court for the Eastern District of Michigan, Rocket Mortgage said Sharp

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MBA’s Broeksmit says credit bureau trade group “gaslit” mortgage industry

Bob Broeksmit, Credit Score, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Origination /

Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit took the stage at the trade group’s IMB26 Conference in Florida to say that its members and he himself have “just been gaslit by the trade association that represents the credit bureaus.” The MBA has proposed that lenders submit a single-bureau credit pull for loans sold

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