Caliber Home Loans fined $2.3M for overcharging California borrowers
Caliber will pay $1.8 million in penalties and has refunded more than $550,000 to impacted California consumers.
Mortgage
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The Florida Association of Mortgage Professionals pushes for condo guideline changes
The Florida Association of Mortgage Professionals (FAMP) is addressing housing affordability challenges head-on.
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.
Tech Pulse: AI Summit delves deep on housing industry impacts
Read on for a rundown of speakers who shared expert insight at this past week’s HousingWire AI Summit in Dallas.
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.
NEXA Mortgage hires Eric Mitchell to help boost LO count
Mitchell will serve as a “key hire” recruiting partner for NEXA, newly appointed chief operating officer Jason duPont said in an interview with HousingWire.
TransUnion: Mortgage, home equity lending grow despite high rates
Rate-and-term refinances climbed 44% and cash-out refis increased 15%. Home equity originations had their strongest annual growth since 2022.
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.