NEXA Lending CEO Mike Kortas explains why he’s buying shell companies
NEXA Lending CEO Mike Kortas says the acquisition of shell entities is to form JVs with builders, agencies and strategic partners.
Mortgage
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House scales back proposed VA mortgage fee hike
House lawmakers amend a veterans-related bill to avoid higher VA purchase loan fees while targeting refinance and assumption charges instead.
Bed Bath & Beyond parent eyes mortgages through deals with Figure, Tokens.com
Bed Bath & Beyond’s parent company has reached an agreement to acquire Tokens.com as part of its plan to launch an investment and personal finance platform, which will also offer home loans through a partnership with Figure Technologies.
MBA’s Broeksmit says credit bureau trade group “gaslit” mortgage industry
“From a risk management perspective, continuing to require three in-files and three scores on every borrower has long been an anachronism,” Broeksmit said
Austin Niemiec to lead Rocket Pro as Dan Sogorka departs
Austin Niemiec will take the helm of Rocket Pro, the broker channel of Rocket Mortgage, following the departure of Dan Sogorka.
PennyMac reports Q4 profit of $107M as origination growth offsets MSR runoff
PennyMac’s Q4 2025 net income reached $106.8M as higher mortgage production offset servicing income declines from prepayments.
Rocket RESPA lawsuit is unique but faces early legal hurdles, attorneys say
The class-action lawsuit filed this week against Rocket Companies and its subsidiaries has drawn heightened attention from the mortgage industry as a wave of mergers and acquisitions accelerates the push toward vertically integrated business models.
Rocket CFO touts ‘all-weather’ model as mortgage market improves
Brian Brown, chief financial officer and treasurer for Rocket Companies, expects continued improvement in the mortgage market in 2026, building on momentum that emerged in the second half of 2025.
Rocket Companies hit with class-action lawsuit alleging steering, home-price inflation
Detroit-based Rocket Companies was hit with a class-action lawsuit on Monday that accuses one of the nation’s largest mortgage lenders of steering consumers to their loan products, “even though Rocket Mortgage’s terms are disadvantageous to the clients.”
Jason Mitchell Group adds LitFinancial to referral network
The Jason Mitchell Group facilitated more than 140,000 referrals in 2024 — resulting in $6 billion in closed sales volume.