Latest Updates Around The World
Mortgage lenders have been here before. It’s a cyclical business, and most executives running companies in this sector have been through one or two cycles. The sector is experiencing a downturn, with interest rates rising, affordability falling and borrowers withdrawing from the market. Ultimately, rates drop. Buyers are re-entering the market. Pipelines are being refilled. […]
“Rising property taxes and insurance premiums continue to change homeowners’ experiences month to month, and escrow is often where that impact is first seen,” said Katie Brewer, CEO of LERETA. “This year’s survey confirms that many borrowers are confident in their understanding of escrow, but misconceptions still exist and this gap can lead to real […]
“Dara represents one of the most significant innovation revolutions the $14 trillion U.S. mortgage industry has seen in decades. I’m eager to help our partners scale with confidence and make the homeownership process easier and more joyful for everyone,” said Sridhar. “Now that we’ve seen firsthand the value thoughtful AI can deliver, we can unlock […]
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 […]
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 […]
Newrez and Valon Newrez, Rithm’s largest operating business, reported higher profits for the year despite mortgage rate volatility and faster prepayments. The mortgage platform generated approximately $1.1 billion in pre-tax revenue in 2025, including mark-to-market adjustments, up 17% year-over-year, according to Newrez president Baron Silverstein, who called it a “milestone” for the platform. Silverstein also […]
According to the company, the tool uses a “proprietary mix” of indicators to flag mortgages within a servicing portfolio that may require attention. Servicing and retention teams can use these signals to conduct outreach campaigns through borrower touchpoints such as online portals and monthly statements. The company said the platform tracks engagement at the offering […]
With nominations for the 2026 Tech100 Awards ending on Friday, December 19, HousingWire continues to highlight past winners who have had a significant impact on strengthening the housing ecosystem through improved operational efficiencies, borrower communications, and technology-driven workflow modernization. Former Tech100 winner this year CLARIFY has seen a number of notable developments that reflect the […]
ICE found overall mortgage performance was strong in October, with the national default rate falling 7 basis points (bps) to 3.34%. That is 11 basis points lower than last year and 53 basis points lower than the pre-pandemic benchmark of October 2019. Andy Walden, head of ICE’s mortgage and housing market research, said the modest […]
Responses were collected in September and October from borrowers who had used their servicer’s website or mobile app in the past nine months. The study found that the industry’s slow adoption of mobile technology has left many customers reliant on outdated websites or offline communications. While some service providers have developed apps that meet industry […]
