PHH Mortgage Corp., a subsidiary of Onity Group, on Monday introduced a new suite of nonqualified mortgage (non-QM) products designed to serve its correspondent lending partners and a wide range of nontraditional borrowers. The product suite, known as FlexIQ, is expected to launch Oct. 20, the company announced in a press release. It includes full […]
PHH Mortgage unveils revamped non-QM options Read More »
The Federal Reserve’s decision this month to cut its benchmark interest rate by 25 basis points was encouraging news for Americans eager to become homeowners. Although mortgage rates aren’t set by the Fed, they are impacted by its policy changes. Indeed, prior to — and in anticipation of — the Fed’s announcement, mortgage rates fell
Why title insurance is essential to secure, affordable homeownership 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: Mortgage execs advise lenders to embrace technology or risk falling behind Lenders were urged to embrace technology and adapt to a changing mortgage market at HousingWire‘s 2025 Mortgage
Tech Pulse: Mortgage leaders stress forward thinking Read More »
Loan officer Elizabeth Galan, who works for UMortgage in Cincinnati, has had to pivot her business strategy in 2025. Galan focuses on serving Hispanic borrowers — about 80% of her clients — in cities like Cincinnati and Dayton, Ohio, as well as northern Kentucky. Many of them hold non-permanent resident status, meaning they live in
How Trump’s immigration policies reshape mortgage strategies Read More »
A group of homebuyers has filed a class action lawsuit against D.R. Horton, the nation’s largest homebuilding company, and its mortgage lending subsidiary, DHI Mortgage Co., alleging that the companies engaged in deceptive home-selling and mortgage practices that left buyers with unexpectedly high monthly payments. The lawsuit — filed Oct. 1 in the U.S. District
Homebuyers sue D.R. Horton for alleged deceptive lending Read More »
Tens of thousands of veterans are missing out on the benefits of U.S. Department of Veterans Affairs (VA) home loans each year, with billions of dollars in potential mortgage volume left untapped, according to a new analysis from Veterans United Home Loans. The report found that more than 58,000 VA loans went unused in 2024,
Veterans are missing out on billions in VA loan benefits Read More »
A federal grand jury indicted Letitia James, the New York attorney general, for bank fraud on Thursday, a person familiar with the matter told The Associated Press. The source, who spoke on the condition of anonymity because they were not authorized to publicly discuss the matter, told the outlet that James was indicted in the
New York AG Letitia James indicted on mortgage fraud charge Read More »
Foreclosure activity across the United States continues to climb modestly in the third quarter of 2025, according to new data from ATTOM. The report shows 101,513 properties with foreclosure filings between July and September, up less than 1% from the previous quarter and 17% higher than a year earlier. In September alone, 35,602 properties received
Foreclosure activity edges higher in Q3 2025 Read More »
As mortgage lenders confront a “paradigm shift” driven by technology, cost pressures and temperamental market conditions, executives warned that those who fail to adapt risk being left behind. Speaking at HousingWire‘s 2025 Mortgage Banking Summit earlier this week, David Lykken, the president of Transformational Mortgage Solutions, and Adam Carmel, the CEO of Polly, offered a
Mortgage lenders face tech-driven paradigm shift Read More »
Fair Finance Watch, a self-described watchdog for the financial services industry, has filed early opposition to Fifth Third Bank‘s proposed acquisition of Comerica, urging the Federal Reserve to hold public hearings and scrutinize the Cincinnati-based lender’s mortgage lending record before approving the deal. In a letter sent Oct. 8 to Fed Chair Jerome Powell and
Fair Finance Watch opposes Fifth Third-Comerica merger Read More »