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Mortgage

Fed prepares to pivot balance sheet, with potential ripple effects for mortgages

AnnieMac, Bank of America, Federal Reserve, HWmember, Jerome Powell, LendingLife, MBS, Monetary policy, Mortgage, Mortgage Rates, Regulatory, UMortgage /

A growing number of economists believe that the Federal Reserve is close to announcing the end of its quantitative tightening (QT) program — a move that could have wide-reaching implications for the mortgage industry. Over the past few weeks, central bank officials have signaled they are prepared to wind down the policy aimed at shrinking […]

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PartnerOne to acquire Mortgage Cadence

Accenture, HWmember, Mergers and Acquisitions, Mortgage, Mortgage Cadence, Technology /

Software group PartnerOne announced on Tuesday that it has entered into an agreement with Accenture to acquire Mortgage Cadence, a provider of cloud-based digital lending solutions. PartnerOne said in its press release that it focuses on acquiring firms for the long term and investing to strengthen their operations and performance. “This agreement represents a powerful

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Xactus announces partnerships for income, employment verification efforts

HWmember, Income verification, Mortgage, Origination, Partnerships, Plaid, Technology, Xactus /

Xactus, a fintech company specializing in mortgage verification solutions, has announced three new integrations designed to enhance its Intelligent Verification Platform, Xactus360. The partnerships with Thomas & Co., Argyle and Plaid aim to expand lender access to real-time income, employment and asset data through a unified system. The integration of Peek Verify from Thomas &

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Beeline completes first blockchain home equity transactions

Blockchain, Home Equity, Lenders, Mortgage, Real Estate, Residential Real Estate /

Beeline Holdings announced that its subsidiary, Beeline Loans, has completed its first blockchain-recorded BeelineEquity transactions, becoming the first U.S. platform to tokenize residential home equity at scale. In its initial rollout, BeelineEquity finalized five blockchain-tracked home equity transactions, with five more scheduled this month and another 25 expected to close before the end of the

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Click n’ Close offers free USDA loan extensions

Click n’ Close Inc., Government Lending, HWmember, Lenders, Mortgage, U.S. Department of Agriculture, USDA /

Multistate mortgage lender Click n’ Close on Monday announced a two-part initiative to help lenders manage loan pipelines during the federal government shutdown. According to a company press release, Click n’ Close is offering free lock extensions for U.S. Department of Agriculture (USDA) loans that are already in its wholesale pipeline — and it will

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Tech Pulse: MLS AI debate; CoStar disputes Zillow announcement

Artificial Intelligence, ChatGPT, Compass, CoStar Group, eXp Realty, HWmember, Mortgage, Mortgage Bankers Association, Real Estate, Technology, United Wholesale Mortgage, Zillow /

Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: It’s up to MLSs to decide if the Zillow-ChatGPT integration violates IDX policies The National Association of Realtors (NAR) said individual MLSs must determine whether Zillow’s ChatGPT integration

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Fannie Mae names new head of single family and acting general counsel

Bill Pulte, Fannie Mae, Government Lending, GSEs, HWmember, Mortgage, People Movers, Trump administration /

Fannie Mae on Friday announced the promotion of two long-time employees to lead its Single-Family business and general counsel’s office. “We are pleased to announce the promotion of Fannie Mae seasoned veterans Jake Williamson to acting head of single-family and Tom Klein to acting general counsel. These highly respected leaders will help lead the company

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ICE’s First Look report shows mortgage performance is strong despite FHA strain

Delinquencies, FHA loan, Foreclosure, HWmember, ICE Mortgage Technology, LendingLife, Mortgage, Servicing /

The mortgage market remains largely resilient — with delinquencies and foreclosures still below long-term averages — even as performance among Federal Housing Administration (FHA) loans continues to weaken. That’s according to ICE Mortgage Technology’s First Look report on September mortgage performance data. The data, released Friday, show the national delinquency rate — loans 30 or

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How Truework is transforming mortgage tech with innovation

HW Rising Stars, HWmember, Income verification, Mortgage, Technology /

Among the many tedious steps in the mortgage manufacturing process, verification of income and employment (VOIE) might top the list of challenges for lenders. Ethan Winchell’s company, Truework, aims to remove these headaches. The San Francisco-based firm was founded in 2017 and has sprouted into a major mortgage technology partner. When Truework was acquired in

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Bri Lees joins NEO Home Loans as head of marketing

Better, HWmember, Marketing, Mortgage, NEO Home Loans, People Movers, Team Leaders /

NEO Home Loans, powered by Better, said Thursday that Bri Lees has been appointed as its head of marketing, a move aimed at strengthening the connection between its adviser-led model and Better’s digital platform. Lees will oversee NEO’s brand, communications and marketing growth strategy, developing systems that align the company’s operations, presence and scalability. “NEO

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