Judge rejects bid to cut CFPB funding
The ruling blocks acting CFPB Director Russell Vought from using a new legal interpretation to cut off the agency’s funding stream.
Mortgage
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Trump executive orders target housing supply and mortgage credit
The executive orders arrive a few weeks after Trump’s State of the Union address to Congress in which the president offered limited details about his housing affordability proposals.
New Jersey proposal could reduce senior property tax relief
If adopted, the proposal would lower the income cap for property tax relief eligibility to $250,000, down from the current $500,000 limit.
Mortgage trade groups urge VA to revise elements of proposed partial claim rules
MBA and CHLA asked VA to revise its partial claim and loss-mitigation proposal, pushing for a simpler waterfall and a 180-day lead time.
CrossCountry Mortgage launches dedicated builder division amid new-home surge
CrossCountry Mortgage launched a dedicated builder division, adding construction, commercial and forward commitment products to deepen builder partnerships.
loanDepot reports $108M loss in 2025 even as volume, margins improve
loanDepot cut its 2025 net loss to $108 million as revenue rose 12% to $1.19 billion, but margins fell to 324 bps in Q4.
UWM raises revenue guidance ahead of Two Harbors vote
The parent of United Wholesale Mortgage raised the bar on 2026 revenue expectations just days ahead of a shareholder vote from Two Harbors Investment Corp. on a proposed $1.3 billion merger.
West Capital Lending sues loanDepot, alleges unlawful pay scheme
West Capital Lending has sued loanDepot, accusing the California-based mortgage lender of engaging in a long-running compensation scheme that violates the Truth in Lending Act.
Redwood launches Aspire securitization shelf with $391M non-QM deal
Redwood Trust closed a $391 million securitization backed by nonqualified mortgages, marking the inaugural deal from its Aspire platform that was expanded in early 2025.
Better launches ChatGPT-based credit decision engine for mortgage and HELOC lenders
Better.com has launched a conversational credit decision engine that lets mortgage and home equity lenders run underwriting through ChatGPT using the company’s Tinman AI platform.