Randell Gillespie named president of LeaderOne
Gillespie will be tasked with growing LeaderOne, which has a “unique collaborative ownership model.”
Mortgage
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Closing costs for the typical home purchase now top $4,600
Closing costs ranged widely across the country, from as low as 0.46% of a home’s sale price in South Dakota to as high as 2.99% in Delaware.
Inside the Trump administration’s plans to gut the CFPB
HousingWire has obtained details of the planned mass layoff at the CFPB, which would see some divisions shrink dramatically or cease to exist.
Washington Legislature requests study of home equity investment products
The Washington Legislature wants to know more about home equity investments and has commissioned a formal academic study.
The CFPB announces sweeping job cuts: up to 90% gone
An email sent to employees outlined the agency’s new focus, noting that it would be shifting its focus away from its supervisory roles
BofA, Citi warn of slower growth ahead as mortgage business softens
Bank of America and Citi reported lower mortgage production between Q4 2024 and Q1 2025 — and conditions ahead could remain challenging.
House introduces bill to reduce mortgage insurance premiums
Trade groups like the Mortgage Bankers Association (MBA) may be getting at least some of the relief they’ve been advocating for when it comes to mortgage insurance premiums.
CFPB freezes nonbank registry rule after industry pushback
The CFPB is rescinding a rule that required nonbank financial services providers to register with a new federal database.
These are the housing bills now in front of Congress
Bipartisan members of Congress have taken action to bring multiple housing-related bills to their chambers this week.
AI agent platform promises to ‘transform mortgage operations’
The tool is being touted as the mortgage industry’s first AI-powered “co-pilot” capable of taking over many of manual, repetitive tasks.