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Newrez wholesale leader Tony Kottenbrock talks about growing non-QM

closed-end seconds, HWmember, Mortgage, NewRez, Non-QM, Origination /

Non-QM production at multi-channel mortgage lender Newrez has surged 40% in recent months, with company leaders pointing to enhanced guidelines and growing demand for second mortgages as key drivers of record-breaking wholesale production. Coming off of the company’s Q3 2025 earnings report on Thursday, Tony Kottenbrock, Newrez‘s head of wholesale, sat down with HousingWire to […]

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Fed rate cut could lower mortgage rates further

Federal Open Market Committee, Federal Reserve, HWmember, LendingLife, Monetary policy, Mortgage, Mortgage Rates, Origination, Regulatory /

The Federal Reserve delivered a 25-basis-point cut to its benchmark interest rate on Wednesday, setting the target range at 3.75% to 4%. The move, which brings the federal funds rate to its lowest level in three years, comes amid a softening labor market and inflation pressures. Monetary policy watchers expect another cut in December, which

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Lower rates prompt refis and dismissal of ARMs

HWmember, Mortgage, Mortgage applications, Mortgage Bankers Association, Mortgage Rates, Origination, Purchase Applications, Refinancing /

Mortgage applications increased 7.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending October 24, 2025. On an unadjusted basis, the index increased 7% compared with the previous week. The refinance index increased 9% from the previous week and was 111% higher than

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Fannie Mae’s Q3 2025 earnings rise to $3.9 billion

Bill Pulte, Earnings, Fannie Mae, GSEs, HWmember, Mortgage, Origination /

Fannie Mae announced its earnings on Wednesday, reporting net income of $3.9 billion for the third quarter of 2025, compared with $3.3 billion for the second quarter of 2025. The quarter marked the government-sponsored enterprise’s 31st consecutive quarter of positive earnings. In its earnings call Wednesday morning, Fannie Mae’s Chief Financial Officer, Chryssa C. Halley,

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Xactus announces partnerships for income, employment verification efforts

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Xactus, a fintech company specializing in mortgage verification solutions, has announced three new integrations designed to enhance its Intelligent Verification Platform, Xactus360. The partnerships with Thomas & Co., Argyle and Plaid aim to expand lender access to real-time income, employment and asset data through a unified system. The integration of Peek Verify from Thomas &

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Pulte says LLPA fees under review, signals relief for borrowers

Bill Pulte, Fannie Mae, FHFA, Freddie Mac, HWmember, Mortgage, Origination, Regulatory /

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

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Deephaven’s record-breaking month driven by non-QM business

closed-end second liens, Deephaven Mortgage, HWmember, Mortgage, Non-QM, Origination /

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

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Union Home Mortgage expands non-QM offerings with launch of Platinum products

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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

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Covius’s Joe Chappell on Title365 acquisition, home equity footprint

Covius, HELOCs, Home Equity, HWmember, Mergers and Acquisitions, Mortgage, Origination, Title, Title365 /

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

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PennyMac’s strategic growth amid mortgage industry shifts

Annaly Capital Management, Earnings, HWmember, LendingLife, Mortgage, Mortgage Broker, Mortgage Servicing, MSRs, Origination, PennyMac /

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

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