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Newrez invests in AI underwriting platform Homevision

Newrez invests in AI underwriting platform Homevision

Artificial Intelligence, Mortgage technology, Originations, Technology, Underwriting /

Left to right: Homevision CEO Jeff Foster, Newrez President Baron Silverstein National mortgage lender and servicer Newrez announced it is making a strategic investment into artificial intelligence platform Homevision to create technology capable of addressing all aspects of underwriting. Processing Content Through the partnership, the two companies aim to expand Homevision’s scope of work beyond […]

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How cash-strapped are millennial home buyers?

Housing markets, MARKETING TO BORROWERS, Originations /

A quarter of millennials have more debt than savings, with less than 45% of the post-college demographic able to stomach a 10% down payment, according to Clever Real Estate. Processing Content Just about all of the 29-to-44 year old cohort surveyed report holding at least one significant homebuying anxiety, as 40% say they’re desperate to

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Affordability in the housing market improves to close 2025

Home Prices, Housing affordability, Housing markets, Originations /

The housing market looks set to stabilize this year as home-price growth slowed to a 14-year low in the final months of 2025, new industry reports said. Processing Content Annual home-price appreciation ended last year at 0.7%, the smallest calendar-year increase since 2011, when prices dropped 2.9%, according to Intercontinental Exchange’s Home Price Index.  Cotality

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UWM trying to toss lingering RESPA class action claims

Law and legal issues, Marketing, Originations /

United Wholesale Mortgage is trying to erase the remnants of a lawsuit which prominently scrutinizes the megalender’s relationship with its thousands of mortgage broker partners. Processing Content A federal judge gutted the racketeering class action suit last fall, which accuses the wholesale leader of conspiring with loyalist brokers to steer customers to higher-cost home loans.

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First Federal purchases Fidelity’s mortgage division

Industry News, M&A, Originations /

First Federal Bank, headquartered in Lake City, Florida, is expanding its retail mortgage operations into Louisiana and Mississippi with the acquisition of NOLA Lending Group. Processing Content The mutual bank signed a definitive agreement to purchase NOLA Lending, a mortgage division of Louisiana-based Fidelity Bank, it announced in a press release Monday.  The financial details

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Gap between remodel, homebuilder businesses keeps growing

Homebuilders, Housing markets, Originations, REALTORS & HOMEBUILDERS /

The number of residential remodeling businesses hit a record-high earlier this decade, with the pace of their growth more than doubling that of builders. Processing Content Total remodeling enterprises came in at 128,187 at the close of 2022, according to the National Association of Home Builders analysis of U.S. Census data. By comparison, only 77,455

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FHLBank Chicago increases affordable housing program benefit

FHLBank Chicago increases affordable housing program benefit

Housing affordability, Originations, Servicing, Underwriting /

The Federal Home Loan Bank of Chicago increased the benefits offered through its Community Advance program for 2026, to support affordable housing and local development.  Processing Content The additions include a $55 million total annual interest rate subsidy, allocated on a first-come, first-served basis, and an increase to the per-member outstanding Community Advanced limit from

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Savvy, ‘intentional’ buyers rewarded with seller incentives

Housing markets, Originations, REALTORS & HOMEBUILDERS /

Many recent sellers appear willing to offer homebuyer incentives, prioritizing certainty and their goals of making a timely deal over maximizing profit, according to a new report from Zillow.  Processing Content Approximately two-thirds of sellers covered some or all closing costs in their 2025 transactions, the real estate platform said in its new consumer housing

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Control shift at mortgage broker hit by enforcement action

Certifications and licensing, Continuing Education, M&A, Originations, Regulation and compliance /

Following the enforcement action against now ex-CEO Patrick Terrance Donlon, Yield Solutions Group has assumed full operational control of Trusted American Mortgage, the companies said in a press release. Processing Content The two companies share an address in Centennial, Colorado. YSG has a nationwide presence in the auto lending industry. Donlon resigned as CEO of

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