Latest Updates Around The World
The mortgage market is showing signs of recovery. After years of dealing with high interest rates that began rising in late 2021, lenders see a path forward. According to the Mortgage Bankers Association’s (MBA) January 2026 Mortgage Finance Forecast, the volume of single-family mortgage originations will increase to $2.2 trillion in 2026, up from $2.05 […]
Since Freddie Mac introduced the industry to the first automated underwriting system (AUS) for GSE-eligible mortgages in 1996, a borrower’s credit score has been one of the most important predictors of mortgage delinquency. For many years afterward, FICO Score was the sole provider of scores for both GSEs’ AUS scorecards. The arrival of VantageScore as […]
Weekly home inventory data Inventory fell week over week, which isn’t a total surprise for last week, but the magnitude of the drop was notable, and I attribute this to the snowstorm as we saw a year-over-year decline in new listings data. Soon the impact of this storm will pass and we will get back […]
How the system works Lofty AOS coordinates a series of AI agents operating simultaneously. One assistant prioritizes tasks related to lead management. A sales-focused agent engages and qualifies leads, generates call scripts, and analyzes sales calls, while a social media agent creates and manages content strategies, including scheduling and posting. The system also includes a […]
In June 2024, the CFPB issued an order permanently banning New York-based Pittsford Sutherland Global Services and its subsidiaries, Sutherland government solutions, Sutherland Mortgage Services and NOVAD, from servicing reverse mortgages. The enforcement action stemmed from what the agency described as illegal maintenance errors that harmed elderly homeowners and left some fearful of losing their […]
Brown Harris Stevens (BHS) welcomes Maggie Ross as the new director of sales for its Brooklyn office, according to an announcement on Wednesday. Before accepting this position at BHS, Ross was an associate real estate broker at Compass. In her new role at BHS, Ross will be tasked with overseeing all operations across the brokerage’s […]
National Mortgage News and Mortgage Professional America (MPA) first reported the lawsuit. Rocket claims the broker failed to disclose that the borrowers had taken out multiple mortgages United Wholesale Mortgage (UWM) in the days leading up to the closures, despite contractual obligations. UWM is not a party to the lawsuit and is not accused of […]
Pantana says the biggest difference between agents who succeed with AI and those who don’t is immersion. “No one alive today has experienced a more innovative breakthrough in technology,” he says, citing Seth Godin’s description of AI as “the greatest change since electricity.” Agents who spend 15 to 20 minutes a day learning what’s new, […]
Transaction revenue was $141 million, up 20% year over year. Gardiner said growth was driven by the Encompass loan origination platform, where customers are increasingly exceeding minimum usage levels amid an improving origination environment, along with double-digit growth in Electronic registration systems for mortgages (MERS) usage supported by strong refinancing activity. Recurring revenue totaled $391 […]
“Gina and David are seasoned, highly respected HELOC experts who understand how these products work and who they are for,” said David Peskin, CEO of HighTechLending, in a statement. “They recognize the growing need for more flexible home equity solutions and bring the experience and credibility needed to help our broker partners deliver solutions that […]
