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Trump’s mortgage order sets stage for regulatory shift, draws consumer backlash

Community Bank, Consumer Financial Protection Bureau, HWmember, IMBs, LendingLife, Mortgage, Origination, Regulatory, Regulatory Compliance, Trump administration /

President Donald Trump’s executive order targeting mortgages addresses several concerns raised by banks and nonbanks, which have largely welcomed it as a road map for regulatory change. But it’s also receiving pushback from consumer advocates. Friday’s order on “promoting access to mortgage credit” aims to boost lending by community banks (with less than $30 billion […]

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CrossCountry Mortgage to strengthen footprint with Summit M&A deal

CrossCountry Mortgage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Retail Lending /

Cleveland-based CrossCountry Mortgage (CCM) has struck a deal to acquire Summit Funding, broadening its geographic reach, the companies announced Wednesday. Financial terms of the transaction were not disclosed. “In 2025, we financed 1 in 35 homes sold nationwide, ranking as the No. 1 retail mortgage lender,” Ron Leonhardt, founder and CEO, told HousingWire. “This acquisition

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Banks eye mortgage growth if Basel III capital rules ease

AmeriHome, Bank of America, Banking, HWmember, LendingLife, Mortgage, Mortgage Servicing, MSRs, Origination, Regulatory, U.S. Bank /

Top banks in the mortgage space, which have relied on a similar playbook for years, say they could become more active if upcoming changes to capital rules provide more flexibility, several industry executives told HousingWire. But any shift in strategy is expected to take time. Depositories typically focus on their existing customer base, ranging from

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MBA’s Broeksmit on Trump orders, AI and mortgage affordability

Bob Broeksmit, HWmember, ICE Mortgage Technology, Intercontinental Exchange, LendingLife, Mortgage, Mortgage Bankers Association, Origination, Trump administration /

“Just when I think things are falling in place, another wild card arrives,” Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit said Tuesday morning at ICE Experience’s X26 annual mortgage conference.  In a conversation with ICE Mortgage Technology President Bob Hart that spanned recent executive orders, mergers and acquisitions, and artificial intelligence, Broeksmit admitted

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Two Harbors postpones vote on UWM merger after quorum miss

HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Two Harbors Investment Corp., United Wholesale Mortgage /

A special Two Harbors Investment Corp. (TWO) shareholder meeting to vote on its proposed acquisition by United Holding Corp., the parent of United Wholesale Mortgage (UWM), lacked a quorum Monday morning, forcing the company to reschedule the vote for March 24. “The TWO board of directors determined, and continues to believe, that the proposed transaction

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Opendoor’s cheap mortgage rates spark sustainability debate

Affordability, Home Prices, HWmember, LendingLife, Mortgage, Mortgage Rates, Opendoor, Origination /

iBuyer Opendoor’s recently launched mortgage product — which promises below-market interest rates after the company removed its markup — has sparked debate across the industry about who absorbs the cost and whether the model is sustainable. Some industry professionals view the offering as similar to the strategy many homebuilders use — providing below-market mortgage rates

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NFM Lending adds South Carolina producer Phil Crescenzo Jr.

HWmember, Lenders, LendingLife, Loan Officer, Mortgage, Origination, People Movers, South Carolina, Team Leaders /

Phil Crescenzo Jr., a high-producing loan officer in South Carolina, is joining NFM Lending. The move was announced Friday on social media by NFM managing director Greg Sher. Crescenzo comes to NFM after a two-year stint as Southeast division manager for Nation One Mortgage Corp. His prior experience also includes roles as a producing branch

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Verification is the new credit score

Artificial Intelligence, Contributors, credit report, Credit Score, HWmember, Mortgage, Opinion, Origination /

The mortgage industry does not have a speed problem. It has a confidence problem. For decades, the credit score has served as the central organizing mechanism of mortgage risk. It estimates the probability of repayment using historical behavioral data. It is statistically validated, embedded in capital markets, and operationally indispensable. But the credit score answers

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Radian shuts down mortgage conduit after divestiture process

HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Mortgage and Housing Layoffs, Origination, Radian, Secondary market /

Radian is shutting down its mortgage conduit business after a divestiture process, while continuing to explore strategic options for its title and real estate services units, the company confirmed to HousingWire. The conduit, which operated primarily through Radian Mortgage Capital, focused on buying mortgages in the secondary market from lenders and selling them to investors

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loanDepot reports $108M loss in 2025 even as volume, margins improve

Anthony Hsieh, Earnings, HWmember, LendingLife, loanDepot, Mortgage, Origination, Retail Lending /

loanDepot reported a smaller net loss for 2025 as revenue and margins improved, but results weakened in the fourth quarter as margins declined. The Irvine, California-based mortgage lender’s earnings showed signs of recovery as the company aims to improve volume and market share. loanDepot posted a net loss of $108 million for the full year,

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