In recent weeks, President Trump has increasingly focused on “affordability” as a top priority. When it comes to housing, that means addressing homeownership affordability challenges, which are significant by historical standards. According to a recent Report by the National Association of Realtors, “The share of first-time home buyers dropped to a record low of 21%, […]
An action plan for condo affordability Read More »
Optimal Blue on Wednesday released its November 2025 Market Advantage report, which revealed that mortgage rate-lock activity slowed with typical late-fall seasonality but still posted the strongest November in four years. Total lock volume fell 25% from October but was up 17% from November 2024, driven by strong refinance activity and mortgage rates hovering near
November mortgage lock data driven by strong refinance activity Read More »
Ncontracts, a provider of compliance, risk and vendor management solutions for the financial services industry, released a new survey Tuesday that examines how institutions are managing evolving compliance expectations in 2026. The survey, “The Future of Compliance: Benchmarking the People, Processes, and Pressures Shaping Compliance in 2026,” included responses from 183 financial institutions across various
2026 mortgage compliance trends show staffing strains, regulatory risks Read More »
The Federal Reserve delivered another 25-basis-point cut to its benchmark interest rate on Wednesday, setting the target range at 3.5% to 3.75% amid signs of a softening labor market and inflation that’s still above the central bank’s 2% target. The move marks the Fed’s third straight rate cut to end 2025, following 25-bps cuts in
Fed delivers third straight rate cut, but housing market will see limited relief Read More »
The American Financial Services Association (AFSA), the nation’s oldest and largest consumer credit trade group, on Tuesday released its quarterly Consumer Credit Conditions Index. It found that AFSA members’ assessment of current conditions turned slightly negative in the third quarter of 2025. More respondents reported worsening business conditions than improving conditions, pushing the survey’s Net
Stress appears for consumer credit conditions Read More »
U.S. mortgage delinquencies held steady at 3% in September 2025, unchanged from a year earlier but up slightly from 2.9% at the end of the second quarter, according to Cotality‘s newest Loan Performance Indicators report released on Tuesday. “The national delinquency rate has remained relatively stable over the past year and quarter. It is still
CrossCountry Mortgage (CCM) filed a motion last week as it seeks to intervene in the criminal case against former loan officer Christopher Gallo, and to vacate a November court order that blocked the company’s arbitration claim against the former employee. National Mortgage News first reported the legal action. According to the Dec. 3 filing, the
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Blue Owl Capital announced Tuesday that it’s making a $2.5 billion commitment in funds it manages to home equity investment (HEI) platform Point. The newss comes just one month after the companies issued the largest securitization ever completed in the HEI space. The new capital will allow Palo Alto, California-based Point to originate about $10
Blue Owl funds commit $2.5B to Point for home equity investments Read More »
Optimal Blue announced on Monday that it has promoted Lanny Rogers III to chief financial officer and Jeremy Moreno to chief revenue officer. Rogers, a certified public accountant, will oversee financial planning, forecasting and capital allocation as the company expands. He joined Optimal Blue in 2017 and most recently served as vice president of accounting.
Optimal Blue announces new CFO and CRO Read More »
The ROAD to Housing Act was left out of the 2026 National Defense Authorization Act (NDAA) in the final House text released Sunday, leaving the mortgage industry to continue pushing for housing provisions into the first quarter of next year. The bipartisan bill — which includes policies to address housing affordability, boost supply, modernize financing
ROAD to Housing Act dropped from NDAA, sparking trade group response Read More »