A long-awaited crackdown on trigger leads is on its way to President Donald Trump’s desk, but not everyone in the mortgage world is celebrating. Nestled in the bill is a provision that’s leading professionals to raise doubts about whether the measure is a consumer safeguard or a competition killer. “The act will require consumers to […]
Does the trigger leads bill opt-in provision wave goodbye to competition? Read More »
Credit bureau TransUnion disclosed Wednesday that a July cyberattack compromised the personal data of more than 4.4 million consumers, according to a filing with the Office of the Maine Attorney General. In a letter to affected customers, the company stressed that the breach did not involve its core systems or credit files. Instead, hackers gained
TransUnion discloses cyberattack impacting 4.4M consumers Read More »
Buyers are pulling out of purchase contracts at an alarming rate — reaching an eight-year high in July. HousingWire spoke to several lenders about how they are tackling the problem on the front end to prevent contracts from going south. Experts say the surge in collapsed deals stems from soaring home prices, steep borrowing costs
What mortgage lenders are doing to limit contract cancellations Read More »
Mortgage lending increased in the second quarter 2025, with nearly 1.76 million residential loans issued nationwide, according to ATTOM’s quarterly mortgage origination report. It was the first time since 2021 that the second quarter saw an annualized increase. The total number from April through June marked a 19.4% rise from the first quarter and a
Mortgage lending activity sees ‘typical spring bounce’ Read More »
The Federal Housing Finance Agency (FHFA) signed off on Rocket Companies’ acquisition of Mr. Cooper Group but imposed a 20% cap on Fannie Mae and Freddie Mac servicing exposure — leaving analysts split on what comes next. BTIG analysts Eric Hagen and Jake Katsikas estimate Rocket controls $400 billion unpaid principal balance in Fannie and
Analysts split on what happens next with Rocket–Mr. Cooper servicing book Read More »
Texans Credit Union launched its first-time homebuyer program on Thursday, introducing three new loan options to spur home purchase activity. The three loan options include: Low down payment mortgages that require as little as 3% down. Flexible-rate loans The “Home Extra 105” package, which finances a loan-to-value (LTV) ratio of up to 105% to cover
Texans Credit Union announces 105% LTV financing option Read More »
Minority investors in the NBA‘s Phoenix Suns have filed a lawsuit against the team and its majority owner, Mat Ishbia. They allege being denied access to internal records, including those tied to the funding of a practice facility. The lawsuit, filed on Aug. 21 in the Delaware Court of Chancery, comes from Kisco WC Sports
UWM’s Mat Ishbia, Phoenix Suns sued by minority owners over records dispute Read More »
Federal Reserve Governor Lisa Cook filed suit against President Trump in a federal court in Washington, D.C. on Thursday. The lawsuit follows Trump’s announcement on Monday that he was attempting to fire Cook over allegations she committed occupancy fraud by designating two different properties as her primary residence in 2021. Fed Chair Jerome Powell and
Lisa Cook files suit against Trump, Powell and Fed Board of Governors Read More »
The old playbook of financing mainly single-family, site-built homes is getting a radical makeover, and we’re pleased to note that, looking at the numbers, down payment assistance (DPA) programs are leading this charge, allowing buyers to use funds to purchase manufactured homes, multi-family properties and newly constructed homes. Lenders can use DPA to reduce a
How DPA is rewriting the lending playbook Read More »
Adjustable-rate mortgages (ARMs) often get more attention when rates climb, but don’t fool yourself: their actual footprint in the U.S. housing market remains modest. Since a Zero Hedge tweet saying that ARM loans now make up 41% of mortgages held by U.S. banks went viral on Sunday night, the mortgage community has been abuzz with
ARMs remain a small share of mortgage loans despite viral 41% claim Read More »