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CrossCountry Mortgage hires Sam Sharp as regional EVP in Chicago

Chicago, CrossCountry Mortgage, HWmember, Mortgage, People Movers, Team Leaders /

CrossCountry Mortgage (CCM) announced Friday that it has hired Sam Sharp as regional executive vice president, expanding the lender’s presence in the Chicago market. Sharp, who brings more than 23 years of mortgage industry experience, is known in the Chicago area for a borrower-focused approach and long-standing referral relationships, according to the company. “When you […]

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FHFA reports clean GAO audit for fiscal year 2025

Fannie Mae, Federal Home Loan Banks, FHFA, Freddie Mac, Government Accountability Office, Government Lending, HWmember, Mortgage, Regulatory /

The Federal Housing Finance Agency (FHFA)’s annual Performance and Accountability Report was published on Friday, revealing that the agency received clean audit results for fiscal year 2025 from the Government Accountability Office (GAO). The report disclosed that the GAO did not find any “material weaknesses or unacceptable risks.” The FHFA received an unmodified audit opinion

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Navigating recovery: Counseling and coaching options for homeowners after natural disasters

Contributors, Homeownership, HWmember, Mortgage, Natural Disaster, Opinion /

Natural disasters can upend lives in an instant, leaving homeowners to cope with emotional trauma and financial uncertainty. Mortgage lenders and housing professionals play a critical role in helping clients rebuild. By connecting survivors to counseling and financial coaching services, you can make recovery faster, safer, and more sustainable. Why recovery counseling matters The emotional

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AmeriTrust hires Shea Pallante as it preps for correspondent lending launch

Correspondent Lending, HWmember, Lenders, LendingLife, Mortgage, Non-QM, Origination, Team Leaders, Wholesale Lending /

AmeriTrust Mortgage Corp. has appointed Shea Pallante as chief revenue officer as the lender pursues a growth strategy that includes expanding into nondelegated correspondent channels and more than doubling its monthly origination volume. A mortgage industry veteran, Pallante joins AmeriTrust from non-QM wholesale lender Brokers First Funding. He previously served as president of now-defunct non-QM

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Mortgage pros warn credit card rate cap could backfire on homebuyers

Credit, Credit Score, Homebuyers, HWmember, Interest rates, LendingLife, Mortgage, Mortgage Credit Availability, Origination, Underwriting /

In the mortgage industry, the initial reaction to President Donald Trump’s proposal to cap credit card interest rates at 10% has been concern that the policy could ultimately backfire on would-be homebuyers. The cap might seem beneficial on paper, but the long-term consequences, including reduced credit availability, could outweigh the benefits, mortgage professionals told HousingWire. 

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Newfi Lending expands DSCR program to accept crypto reserves

Cryptocurrency, Mortgage, Non-QM, Origination, Real Estate Investing, Underwriting /

Newfi Lending, a national mortgage lender focused on non-QM originations, announced Tuesday that it’s expanding its debt-service-coverage ratio (DSCR) loan program to allow larger loan amounts, financing for rural properties and the use of qualifying cryptocurrency assets to meet reserve requirements without liquidation. The updates are aimed at real estate investors who hold digital assets

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Chris Heller joins PLACE as chief revenue officer

Chris Heller joins PLACE as chief revenue officer

Chris Heller, Homeownership, HWmember, Mortgage, People Movers, Real Estate, Title insurance /

Chris Heller has joined PLACE as its chief revenue officer, a newly created role. The company said Heller will oversee revenue strategy across its technology and services portfolio — including pricing, customer acquisition, retention and cross-platform integration. His responsibilities will also include improving revenue performance across existing business units and identifying new growth opportunities across

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Trump’s 401(k) proposal could help homebuyers, hurt retirement funds

Affordability, Donald Trump, Down Payment Assistance, Homeownership, HWmember, LendingLife, Mortgage, Politics, Retirement, Trump administration /

President Donald Trump’s expected proposal to allow Americans to tap their 401(k) retirement accounts without penalties to fund down payments could ease one of the biggest barriers to homeownership, but it could come at the cost of weakening long-term retirement security. The idea was absent from Trump’s speech on Wednesday at the World Economic Forum

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Trade groups urge White House to lower FHA premiums, ease loan fees

Affordability, credit report, FHA loan, Government Lending, HWmember, Independent Community Bankers of America, Mortgage, Mortgage Bankers Association, Mortgage insurance, Regulatory, Trump administration, White House /

Multiple mortgage lending trade groups are urging the White House to take administrative steps to lower the costs of home loans, arguing that federal regulations have driven up borrowing expenses as affordability worsens. In a letter sent Wednesday to White House National Economic Council Director Kevin Hassett, the Mortgage Bankers Association, America’s Credit Unions and

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Prudent AI launches same-day mortgage income calculator

HWmember, Income verification, Mortgage, Technology, Underwriting /

Delaware-based fintech company Prudent AI on Wednesday announced the launch of Prudent AI Upfront Income, a tool that it calls the mortgage industry’s “first universal income platform designed to calculate qualified income for any loan type in a single tool with same-day certainty.” The company explained in a press release that mortgage lenders can use

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