Rocket’s amended complaint says UWM targeted Mr. Cooper borrowers
Rocket claims that UWM provided brokers with lists identifying specific loans to target
Mortgage
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NEXA Lending launches new model, touts 100% revenue split for LOs
CEO Mike Kortas: ‘If you are producing the business … we believe you should have access to all of it’
Social Security reform pressure mounts ahead of midterm elections
The program’s retirement trust fund is projected to face insolvency in 2032
Rocket Pro to build 3 mortgage tech tools pitched by brokers
The company presented three prototypes created from broker-submitted ideas for its Big Pitch contest
Jamie Cavanaugh to lead Broker Action Coalition as CEO
Brendan McKay remains president while outgoing executive director Rachel Clark is credited with building the group’s current foundation
FHA expected to keep Classic FICO as it adds new models in January
Lenders expect model consistency will be required at the loan level
Real REMAX Group halts Motto Mortgage franchise growth
Vic Lombardo, the president of REMAX’s mortgage services, had stepped down from his role
As Kortas and Casa make peace, AIME is back in the mix
NEXA says it will cover AIME memberships for about 4,100 loan officers as Casa seeks a role as membership director
Ginnie Mae wants issuers to focus on fixing loan-level data quality
Joe Gormley says standardized submissions could cut reconciliation work and support friction-free servicing transfers
Mortgage lenders weigh AI, alternative data and credit models
MISMO panelists cited rental and cash flow data, plus AI rules that may affect licensing and compliance