Federal Housing Finance Agency (FHFA) Director Bill Pulte said on social media Wednesday that his agency is reviewing the loan-level price adjustment (LLPA) matrix — the fees charged on conventional loans to account for risk. Pulte said the review is being led by Barry Habib, the founder and CEO of MBS Highway and a well-known […]
Pulte says LLPA fees under review, signals relief for borrowers Read More »
With the rise in gig economy workers and borrowers looking to use their cryptocurrency assets as collateral for a loan, non-QM mortgages and non-agency loans are beating records, according to Tom Davis, the head of sales at Deephaven Mortgage. In an interview at the Mortgage Bankers Association‘s annual conference in Las Vegas, Davis sat down
Deephaven’s record-breaking month driven by non-QM business Read More »
Fannie Mae announced new leadership roles on Wednesday for three key existing leaders at the government-sponsored enterprise. It appointed chief operating officer Peter Akwaboah as acting CEO while the company searches for a permanent chief executive. According to a press release, the leadership roles are effective immediately. Akwaboah joined Fannie Mae from Morgan Stanley,
Fannie Mae names Peter Akwaboah as acting CEO Read More »
Union Home Mortgage (UHM) has launched a new product suite, UHM Platinum, to broaden its loan offerings and increase its presence in the nonqualified mortgage (non-QM) market. The company said the initiative is part of an effort to strengthen both new and existing relationships with investors and provide greater flexibility in mortgage options. Through UHM
Union Home Mortgage expands non-QM offerings with launch of Platinum products Read More »
Covius, a financial services firm that offers insights and technology to the housing industry, says it’s poised for growth through its acquisition of Title365 from Blend Labs. Company executives believe the move will strengthen their foothold in the booming home equity market. The deal, announced in June, is pending regulatory approval, which is expected to
Covius’s Joe Chappell on Title365 acquisition, home equity footprint Read More »
PennyMac Financial Services Inc. plans to grow organically and in a “capital-light” fashion amid a wave of consolidation in the mortgage industry. If the macroeconomic environment remains supportive, the company expects to deliver solid returns on equity to investors through 2026. “While there can be some fluctuations in our results due to typical seasonality, if
PennyMac’s strategic growth amid mortgage industry shifts Read More »
Navigating change and technological transformation took center stage this week at the Mortgage Bankers Association‘s annual convention in Las Vegas, where industry leaders discussed consolidation, artificial intelligence and how to keep pace with shifts across the mortgage landscape. Bill Emerson, president of Rocket Companies and moderator of the session, opened the discussion by noting that
Mortgage leaders discuss consolidation, AI at MBA convention Read More »
Multichannel mortgage lender Lower has entered into a marketing agreement with real estate brokerage HomeSmart, giving the firm’s nationwide agent network access to Lower’s mortgage solutions. The announcement comes amid a growing wave of partnerships between lenders and brokerages, including Rocket Companies’ $1.75 billion all-stock acquisition of Redfin that closed in July. Earlier this year, Lower
Lower inks marketing deal with HomeSmart Read More »
Mortgage applications decreased 0.3% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending Oct. 17. On an unadjusted basis, the index decreased 0.2% compared with the previous week. The refinance index increased 4% from the previous week and was 81% higher than the same
ARM, refinance activity buck the trend of declining mortgage demand Read More »
PennyMac Financial Services Inc. disclosed its third-quarter 2025 earnings on Wednesday, highlighted by a profit of $181.5 million from July through September — a figure that represented 33% growth from the prior quarter and 162% growth from the same period last year. The California-based mortgage lender increased its net income during the third quarter through
Pennymac posts Q3 profit of $181M, fueled by servicing strength Read More »