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Memo reportedly undercuts mortgage fraud allegations against Letitia James

October 23, 2025 by bp56691
Prosecutors reviewing the mortgage occupancy fraud case against New York Attorney General Letitia James determined there is evidence that undercuts the allegations against her, according to an ABC News report based on sources.
Categories Department of Justice, Donald Trump, HWmember, Lawsuit, Legal, Mortgage, Mortgage Fraud, New York

Deephaven’s record-breaking month driven by non-QM business

October 22, 2025 by bp56691
Deephaven’s record-breaking month driven by non-QM business
Deephaven is finding success through non-QM loans, second liens and home equity options as gig economy workers seek mortgage solutions.
Categories closed-end second liens, Deephaven Mortgage, HWmember, Mortgage, Non-QM, Origination

Fannie Mae names Peter Akwaboah as acting CEO

October 22, 2025 by bp56691
Fannie Mae appoints Peter Akwaboah as acting CEO, marking a significant leadership change as current CEO Priscilla Almodovar departs.
Categories Bill Pulte, Fannie Mae, Government Lending, Government-Sponsored Enterprise, HWmember, Mortgage, People Movers, Team Leaders

Union Home Mortgage expands non-QM offerings with launch of Platinum products

October 22, 2025 by bp56691
Through UHM Platinum, investors will have access to products including bank-statement loans and debt-service-coverage ratio loans.
Categories HWmember, Mortgage, Non-QM, Origination, Real Estate Investing, Union Home Mortgage

Pennymac posts Q3 profit of $181M, fueled by servicing strength

October 21, 2025 by bp56691
PennyMac Financial Services reports a 33% profit increase in Q3 2025, driven by strong revenue growth and strategic initiatives.
Categories Earnings, HWmember, LendingLife, Mortgage, Mortgage Servicing, MSRs, PennyMac

TransUnion pushes back on single-pull mortgage credit proposal

October 20, 2025 by bp56691
The credit bureau argues that replacing tri-merge reports with a single pull could exclude creditworthy borrowers and increase systemic risk.
Categories Bob Broeksmit, credit report, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Origination, TransUnion

MBA forecasts $2.2T mortgage origination in 2026

October 20, 2025 by bp56691
Purchase originations are forecast to increase 7.7% to $1.46T next year and refinance originations are expected to increase 9.2% to $737B.
Categories Housing Market, Joel Kan, Marina Walsh, Mike Fratantoni, Mortgage, Mortgage Bankers Association, Purchase Applications

Tammy Richards joins NEXA Lending as chief strategy officer

October 19, 2025 by bp56691
Tammy Richards joins NEXA Lending as chief strategy officer, aiming to drive national expansion and strategic growth.
Categories HWmember, loanDepot, Mike Kortas, Mortgage, NEXA Mortgage, People Movers, Tammy Richards

Rocket trims workforce after completing Mr. Cooper acquisition

October 19, 2025 by bp56691
Rocket closed the $14.2 billion acquisition in early October — about 51% higher than the valuation announced in March — after completing all necessary approvals.
Categories HWmember, LendingLife, Mortgage, Origination, Rocket Companies, Rocket Mortgage

Tech Pulse: Are MLS policies built for the ChatGPT era?

October 17, 2025 by bp56691
Discover how ChatGPT, smart search and innovative lending tools are revolutionizing the industry in our Tech Pulse roundup.
Categories Artificial Intelligence, ChatGPT, eXp Realty, Homes.com, HWmember, MLS, Mortgage, Real Estate, Technology, Zillow
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