Mortgage applications for new homes dipped in September from the previous month but remained higher than last year’s levels, according to the Mortgage Bankers Association (MBA)’s Builder Application Survey released Thursday. The data offers a snapshot of housing demand at a time when market watchers are seeking clues about new-home sales amid the federal government […]
New-home mortgage applications dip in September Read More »
New American Funding (NAF) on Wednesday named Nathan Ballentine as its new regional vice president for South Carolina. In this role, Ballentine will lead growth and development across the state, spearheading market expansion and sales initiatives. With more than 25 years of experience in the mortgage industry, Ballentine will focus on recruiting and onboarding top-performing
NAF hires Nathan Ballentine as regional VP for South Carolina Read More »
Figure on Wednesday launched an AI-powered platform for debt-service-coverage ratio (DSCR) loans, expanding its blockchain-based capital marketplace into one of the fastest-growing segments of housing finance. A release from the company confirmed that West Capital Lending and Axen Mortgage are among Figure’s first partners to embed its DSCR product. The platform allows investors to qualify
Figure debuts AI-powered platform for DSCR loans Read More »
Treasury Secretary Scott Bessent told CNBC on Wednesday that he’ll soon be giving President Donald Trump several candidates to serve as the next chair of the Federal Reserve. “Likely sometime after Thanksgiving, in December, we’ll present the president with three or four candidates for him to interview,” Bessent told CNBC’s Sara Eisen. Bessent disclosed that he’s trimmed the
Trump to receive Fed chair candidates in December Read More »
Reverse mortgage industry executives see a growing role for proprietary products despite persistent challenges in the secondary market. But they also agree on one thing — the Home Equity Conversion Mortgage (HECM) and its related mortgage-backed securities (HMBS) programs remain critical pillars of the business. Their comments came during the National Reverse Mortgage Lenders Association
Reverse execs eye more private products, urge HUD to modernize HECM program Read More »
Blend Labs Inc. on Wednesday introduced Intelligent Origination, an AI-driven system designed to streamline the lending process by embedding automation and analytics throughout its digital origination platform. The company said the system integrates artificial intelligence into each stage of origination to interpret data and documents, perform complex tasks autonomously and learn from outcomes. Each feature
Blend Labs unveils AI system for lending Read More »
Mortgage applications decreased 1.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending October 10, 2025. On an unadjusted basis, the index decreased 2% compared with the previous week. Despite the overall increase, Federal Housing Administration (FHA) applications saw a strong week, with
FHA refinance applications rise 12% amid mixed mortgage rates Read More »
Plaid on Wednesday introduced LendScore, a new credit risk model that uses real-time cash flow data and account connection insights to give unsecured personal lenders a more complete view of a borrower’s financial situation. The launch comes amid significant shifts in consumer borrowing behavior and credit scoring. Plaid pointed to a recent TransUnion study, which
Plaid introduces LendScore for real-time credit risk assessment Read More »
loanDepot is accusing West Capital Lending (WCL) of hiring hundreds of loan originators as independent contractors and paying them revenue splits — practices that loanDepot claims are illegal and enabled WCL to become one of the largest mortgage brokerages in the country in just three years. The lender sued the brokerage and its founders, Eric
loanDepot sues WCL, alleging illegal practices Read More »
You’ve built a lending process that works. Your team is efficient, your systems are dialed in and you’ve invested in technology to stay competitive. But if you still rely on credit reports, static databases or third-party records that borrowers didn’t explicitly authorize, you’re not as modern as you think. Consumer expectations have shifted. In a
Consumer-permissioned is the future. Is your business ready? Read More »