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Home insurance prices set to keep rising with severe weather

Homeowners insurance, Originations /

US home insurance premiums are set to rise for a fifth straight year in 2026 as insurers grapple with losses from extreme weather and high rebuilding costs.  Processing Content The average annual premium is projected to increase 4% to about $3,057 this year, after jumping 12% in 2025, according to Insurify, an online insurance comparison site. The expected gain follows several years […]

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Pending home sales climbed in February as mortgage rates fell

Housing Inventory, Originations /

Pending sales of US existing homes unexpectedly rose in February for the first time in three months as buyers took advantage of lower mortgage rates and slower price growth. Processing Content An index of contract signings climbed 1.8%, according to National Association of Realtors data released Tuesday. The median forecast of economists surveyed by Bloomberg

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PE firm buys mortgage tech company formerly known as Voxtur

Industry News, M&A, Mortgage technology, Originations, Underwriting /

A New York-based private equity firm is acquiring Apex Analytics, formerly Voxtur Analytics, after a tumultuous past few years. Processing Content Hale Capital Management, which has a focus on investing in technology and technology-enabled companies at key moments of transformation, bought Voxtur’s existing senior secured indebtedness from Bank of Montreal in September, an obligation the

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Trump building order targets supply-side constraints

Homebuilders, Originations, Politics and policy, Secondary markets /

A new federal executive order from President Trump related to “removing regulatory barriers to home construction” aims to increase affordable inventory through broad deregulation. Processing Content The Federal Housing Finance Agency and the Department of Housing and Urban Development are among several public entities the order directs to take a series of steps to that

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Lennar profit drops 56% amid rates, Iran uncertainty

Earnings, Homebuilders, LOAN PRODUCTS, Originations, Politics and policy, REALTORS & HOMEBUILDERS /

Lennar’s management is working through the various challenges facing homebuilders: not just the Iran conflict, but also the antipathy against institution investor purchasers. Processing Content In its first fiscal quarter, which ended on Feb. 28, Lennar earned $229 million, less than half of the $520 million it made for the same period in 2025. The

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CrossCountry invests in builders with new division

Homebuilders, Industry News, Originations, REALTORS & HOMEBUILDERS /

CrossCountry Mortgage announced Thursday a significant investment in its newly formed builder division. Processing Content The lender did not disclose the size of the investment, but it reinforced CrossCountry’s commitment to the homebuilder market, the company said. The division will offer a comprehensive suite of residential lending programs and commercial lending solutions, such as builder

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Iran war pushes mortgage rates near yearly high

Iran war pushes mortgage rates near yearly high

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations, Politics and policy /

Mortgage rates zoomed up 11 basis points this week as the Iran war wreaked havoc on oil prices, putting both the bond and equity markets in turmoil. Processing Content The 30-year fixed-rate mortgage averaged 6.11% on March 12, the Freddie Mac Primary Mortgage Market Survey reported. This compared with last week’s 6% and a year

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Housing starts unexpectedly climb on multifamily projects

Housing Inventory, Housing markets, Originations /

New US residential construction improved for a third straight month to the fastest pace in nearly a year, boosted by multifamily projects.   Processing Content Housing starts increased 7.2% to an annual pace of 1.49 million homes in January, according to government figures out Thursday. The pace of home starts was above all estimates in

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Why mortgage firms are making charity a business strategy

2026 Best Mortgage Companies to Work For, Best Mortgage Companies to Work For, Marketing, Originations /

Whether it involves bundt cakes, backpacks or bicycles, community service is a tradition of the mortgage industry, turning opportunities for good publicity into components of effective business strategy.   Processing Content Volunteering and other forms of charitable work are a common theme running through 2026’s list of best mortgage companies to work for, regardless of a

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FOA reports another loss in Q4, still profits in 2025

Capital markets, Earnings, Originations, Reverse mortgages, Secondary markets /

Finance of America posted another net loss in the fourth quarter, but saw significant profit increases for 2025 as a whole. Processing Content The reverse mortgage company reported a $21 million loss from continuing operations in the fourth quarter, a $7-million improvement from the previous quarter, FOA revealed on an earnings call Tuesday. On an

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