Housing leaders say Trump’s plan must go deeper than lower mortgage rates
Industry leaders said Trump’s address left housing affordability largely unaddressed, with more focus on tariffs and investor restrictions.
Mortgage
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California-based LenderMac to acquire Direct Mortgage
LenderMac agreed to acquire Direct Mortgage, aiming to expand its footprint and build multichannel lending capabilities.
Friday Harbor adds income and asset scenario testing for LOs
Friday Harbor introduced tools for real-time income and asset scenario testing, letting teams toggle documents without altering loan files.
ICE’s Matt Dowd: MSP updates are ‘just a foundation’ for AI journey
ICE’s Matt Dowd said that the MSP update goes beyond aesthetics, positioning MSP to streamline high-frequency workflows.
C2 Financial pushes for nationwide growth, top broker ranking
C2 Financial plans to boost volume beyond 10,000 loans and $5.5 billion, using AI, recruiting and expansion from 42 states to 50.
Zillow seeks dismissal of consolidated RESPA lawsuit in Seattle
Zillow filed to dismiss a consolidated RESPA lawsuit, arguing no harm or illegal referrals in its agent and loan programs.
Trade groups push for lower MSR capital charges, tailored mortgage risk weights
Eight trade groups representing lenders are urging federal regulators to revise bank capital rules by adopting a more tailored risk weight for mortgages held on balance sheets and by significantly cutting the capital charge applied to mortgage servicing rights.
Huntington Bank’s Carolyn Gorman on expanded mortgage footprint with Cadence, Veritex partnerships
Huntington Bank projects a 50% rise in mortgage production after acquiring Cadence and Veritex, expanding in Texas and the Southeast.
Bank capital relief may not quickly shift mortgage market dynamics
Regulatory changes to how banks treat mortgage assets — anticipated this week by Federal Reserve Vice Chair Michelle Bowman — may have an impact on the mortgage market over time, analysts said.
Kentucky bill would freeze property taxes for senior homeowners
Senate Bill 51 would lock in the assessed value of a senior’s primary residence, preventing higher property tax bills.