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OneTrust challenges mortgage coaching neutrality in suit over trade secrets

August 13, 2025 by bp56691
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. 
Categories HWmember, Lawsuit, Legal, LendingLife, Mortgage, OneTrust Home Loans, Origination

Acra Lending appoints Shawn Stone new CEO

August 11, 2025 by bp56691
Shawn Stone is taking on the role and succeeds current CEO Keith Lind, who is transitioning to chairman of the board.
Categories Acra Lending, HWmember, Mortgage, Mr. Cooper, Non-QM, Origination, People Movers

Guild’s profit rebound and rising refi recapture bolster Bayview bid

August 11, 2025 by bp56691
Guild reported net income of $18.7 million for the second quarter of 2025, reversing a $23.9 million loss in the prior quarter.
Categories Earnings, Guild Mortgage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination

With Hsieh in the driver’s seat, loanDepot posts revenue of $283M

August 7, 2025 by bp56691
loanDepot grew originations 30% and cut expenses in Q2 2025, narrowing its net loss as founder Anthony Hsieh resumed CEO duties
Categories Anthony Hsieh, Earnings, HWmember, LendingLife, loanDepot, Mortgage, Origination

Abandoned mortgage apps are on the upswing. Homebuyer confusion could be the culprit

August 4, 2025 by bp56691
Cotality’s survey of 1,000 recent and prospective U.S. homebuyers found that they ultimately care most about timing and confidence.
Categories baby boomer, Cotality, Gen Z, Homebuyers, HWmember, Legislation, Mortgage, Mortgage Applications, Origination, Purchase Applications

Rocket revamps real estate arm, moves home search to Redfin

August 4, 2025 by bp56691
Users who visit the Rocket Homes website are now met with a message stating they “can search for homes on Rocket until August 4.” After that, they will be redirected to Redfin’s platform, which will serve as Rocket’s primary home search tool.
Categories Brokerage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Mortgage and Housing Layoffs, Origination, Redfin, Rocket Companies

How much lower can mortgage rates go after Friday’s jobs report?

August 3, 2025 by bp56691
How much lower can mortgage rates go after Friday’s jobs report?
Mortgage rates fell 0.18% last week, breaking below the key threshold of 6.64%. How much lower can they go?
Categories Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, New listings, Origination, Purchase Applications

Trigger lead ban bill advances to Trump’s desk

August 3, 2025 by bp56691
The Homebuyers Privacy Protection Act (H.R. 2808) passed through the U.S. Senate with unanimous consent and without amendments late Saturday.
Categories Donald Trump, HWmember, LendingLife, Mortgage, Origination, Regulatory, Senate, Trump Administration, U.S. House of Representatives, U.S. Senate

The Fed could cut rates in September. Mortgage pros are skeptical of the impact

August 1, 2025 by bp56691
While many expect the Federal Reserve to cut interest rates at its September meeting, mortgage professionals caution that even if it happens, it won’t significantly impact the industry.
Categories Federal Reserve, Homebuyers, HWmember, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, Origination, Refinancing

Rocket returns to profitability in Q2, yields early benefits from Redfin deal

July 31, 2025 by bp56691
Rocket Companies has returned to profitability despite a challenging second quarter for the mortgage industry, marked by economic uncertainties in the U.S.
Categories Earnings, HWmember, LendingLife, Mortgage, Origination, Rocket Companies, Rocket Mortgage, Varun Krishna
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