Trade groups representing community banks and home lenders are urging the Trump administration to allow Fannie Mae and Freddie Mac to purchase mortgage-backed securities (MBS) to help bring down mortgage rates. The idea relies on amending the Preferred Stock Purchase Agreements (PSPA) to enable the GSEs to purchase up to $300 billion of their own […]
Trade groups push plan to let GSEs buy MBS to ease mortgage rates Read More »
Credit bureau TransUnion is pushing back against the idea of replacing the current tri-merge mortgage credit model with a single credit pull, arguing that the shift would increase systemic risk and restrict access to credit. The conclusion comes from a TransUnion study released during the Mortgage Bankers Association (MBA)’s Annual Convention and Expo, as the
TransUnion pushes back on single-pull mortgage credit proposal Read More »
Top former U.S. economic leaders, Gary Cohn and Lawrence Summers, raised red flags about the nation’s fiscal trajectory, the challenges of balancing monetary policy and the global context of U.S. debt. However, they Summers says economy is “remarkably resilient.” Speaking at the 2025 Mortgage Bankers Association‘s Annual Convention and Expo, Cohn and Summers also credited
Former economic leaders Cohn and Summers warn on U.S. fiscal path Read More »
A new study from the Nationwide Retirement Institute found that 58% of Millennial investors feel they have to choose between homeownership and retirement security as housing prices continue to rise faster than wages. “Millennials are navigating their prime earnings years in a financial landscape marked by volatile markets, high interest rates and shifting economic norms,”
Homeownership dreams clash with retirement goals for Millennial investors Read More »
Mortgage Bankers Association President and CEO Bob Broeksmit on Monday called 2025 a “historic year” for the trade group, highlighting major legislative and regulatory victories during his opening address Monday morning at the association’s Annual Convention and Expo in Las Vegas. Broeksmit shared with the audience that the MBA helped shape roughly 10% of all
MBA’s Bob Broeksmit celebrates legislative victories in 2025 Read More »
Artificial intelligence has become the mortgage industry’s most powerful and most misunderstood new ally. While some lenders chase hype, others are quietly transforming operations with measurable, data-driven automation and AI. Few leaders bridge both the business and technology sides of this transformation as fluently as Rajan Nair, CEO of Indecomm, a provider of the Genius
A brave new world of lending — Powered by AI Read More »
The Mortgage Bankers Association (MBA) announced Sunday that it expects total single-family mortgage origination volume to increase to $2.2 trillion in 2026, up from $2.0 trillion expected in 2025. Speaking at its 2025 Annual Convention and Expo, Mike Fratantoni, chief economist and senior vice president for research and business development; Joel Kan, vice president, deputy chief
MBA forecasts $2.2T mortgage origination in 2026 Read More »
Detroit-based Rocket Companies announced Friday that it has reduced its workforce following the completion of its acquisition of Mr. Cooper Group. The jobs cut will impact less than 1% of its employees. “Following the Mr. Cooper acquisition, we carefully reviewed our combined structure, identified overlapping roles and made the difficult decision to streamline teams,” the
Rocket trims workforce after completing Mr. Cooper acquisition Read More »
NEXA Lending is continuing to shake up its leadership by adding Tammy Richards to its team as chief strategy officer. The news follows several other leadership announcements for the Arizona-headquartered company. Most recently, NEXA announced a rebrand from NEXA Mortgage to NEXA Lending. Richards confirmed the news on her LinkedIn page and NEXA CEO Mike
Tammy Richards joins NEXA Lending as chief strategy officer Read More »
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: Are MLS policies built for the ChatGPT era? Zillow‘s integration with ChatGPT has ignited a debate over MLS compliance, with industry leaders examining the implications for data privacy
Tech Pulse: Are MLS policies built for the ChatGPT era? Read More »