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VantageScore mortgage usage plunged 42% in 2024

April 28, 2025 by bp56691
VantageScore credit score usage by the mortgage industry dropped in 2024, ahead of widespread changes expected in credit reporting in the coming years.
Categories Credit Score, GSEs, HWmember, LendingLife, Mortgage, Origination, VantageScore

Mortgage rates settle down after wild ride

April 26, 2025 by bp56691
Mortgage rates settle down after wild ride
Last week, mortgage rates and the 10-year yield slowly moved lower as the week progressed. Can this relative calm last?
Categories Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, Purchase Applications

Compass files an antitrust suit against NWMLS over its CCP

April 25, 2025 by bp56691
NWMLS is not Realtor association affiliated and its Clear Cooperation Policy does not allow for office exclusives.
Categories Brokerage, Clear Cooperation, Compass, HWmember, Legal, MLS, national association of realtors, northwest mls, Real Estate, Robert Reffkin

ESG team at Fannie Mae has been terminated: sources

April 25, 2025 by bp56691
Multiple sources told HousingWire that the terminations took place on Friday, following a series of moves designed to limit DEI.
Categories Bill Pulte, Fannie Mae, Government-Sponsored Enterprise, HWmember, Mortgage, Origination

Reverse mortgage industry descends on California for first NRMLA event of 2025

April 25, 2025 by bp56691
Reverse mortgage industry descends on California for first NRMLA event of 2025
The reverse mortgage industry’s first event of 2025 is happening in Irvine, California, and NRMLA’s president offers a preview.
Categories California, FHA, HECM, HWmember, NRMLA, Reverse

HUD reinstates nonprofit’s affordable housing grants after appeal

April 25, 2025 by bp56691
The restored Community Compass and Distressed Cities agreements allow the Cleveland-based nonprofit to resume work supporting communities facing economic hardship.
Categories Affordable Housing, Cleveland, Enterprise Community Partners, Government Lending, Government-Sponsored Enterprise, Housing Market, HUD

The nation’s largest mortgage lenders are only getting bigger

April 25, 2025 by bp56691
The nation’s largest mortgage lenders are only getting bigger
Inside Mortgage Finance (IMF) data for the first quarter of 2025 was released this week. The numbers show little movement in the composition of the top 10 originators, but there is significant volatility in sales volumes on both a quarterly and yearly basis.
Categories AmeriHome, HWmember, Lenders, LendingLife, Mortgage, NewRez, Origination, PennyMac, Rocket Mortgage, United Wholesale Mortgage

DC’s housing market is shifting rapidly. Are federal layoffs driving it?

April 24, 2025 by bp56691
DC’s housing market is shifting rapidly. Are federal layoffs driving it?
Altos data suggests the housing market dynamic in Washington, D.C., has shifted since the beginning of Trump’s second term.
Categories Altos, Data & Visuals, Donald Trump, Home Sales, Housing Inventory, Housing Market, HWmember, Tariffs, Washington, D.C.

Reverse mortgage conversion software adds Smartfi proprietary product

April 24, 2025 by bp56691
Reverse mortgage conversion software adds Smartfi proprietary product
The HECM Tool reverse mortgage sales and conversion platform has engaged with Smartfi to include its proprietary product in its offerings.
Categories HECM, HWmember, Reverse, Smartfi Home Loans, Technology

Real Brokerage fires CFO, names Ravi Jani as successor

April 24, 2025 by bp56691
Real Brokerage fires CFO, names Ravi Jani as successor
Jani’s appointment follows the departure of former CFO Michelle Ressler, who was terminated amid an ongoing internal investigation.
Categories Brokerage, HWmember, People Movers, Real Estate, Team Leaders, The Real Brokerage
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