RE/MAX turns to Vic Lombardo to scale Motto Mortgage, wemlo
Lombardo will succeed Ward Morrison to oversee mortgage brokerage franchise brand Motto Mortgage and third-party processing solution wemlo.
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MBA opposes GSE merger, supports explicit government guarantee
In the debate over whether Fannie Mae and Freddie Mac should merge, the Mortgage Bankers Association (MBA) has remained consistent: “We don’t think that would be a good idea,” chief economist Mike Fratantoni said.
Future unveils Alpha, an in-house AI mortgage system
Future Mortgage is currently beta testing Alpha in-house and plans to roll it out to all brokers in the first quarter of 2026.
Shareholder Edge One Capital proposes Fannie-Freddie exit without higher rates
The firm is proposing a road map to return the GSEs to private ownership without the consequence of higher mortgage rates.
OneTrust challenges mortgage coaching neutrality in suit over trade secrets
Filed Monday in the U.S. District Court for the Southern District of California, the complaint alleges breach of contract, misappropriation of trade secrets, business disparagement and civil conspiracy.
VA’s John Bell III stepping into new role at Office of Mission Support
Patrick Zondervan, who has been at the VA for nearly 25 years, succeeds Bell as the executive director for the Loan Guaranty Service.
Treasury eyes Bowman, Jefferson and Logan for Fed Chair
However, additional candidates will be interviewed in the coming weeks, Bloomberg reported.
Guild’s profit rebound and rising refi recapture bolster Bayview bid
Guild reported net income of $18.7 million for the second quarter of 2025, reversing a $23.9 million loss in the prior quarter.
Trump’s GSE stock offering plan challenged by analysts
The valuation and timeline are seen as overly optimistic, with some estimates at half the proposed figure ahead of a planned IPO this year.
With Hsieh in the driver’s seat, loanDepot posts revenue of $283M
loanDepot grew originations 30% and cut expenses in Q2 2025, narrowing its net loss as founder Anthony Hsieh resumed CEO duties