Title and escrow company Propy says it is ready to revolutionize the title insurance industry. Central to this plan is a $100 million expansion, which includes the planned acquisitions of title firms nationwide, according to an announcement on Thursday. Propy says, once acquired, it will upgrade the firms “to faster, safer and fully digital closings, […]
Propy leans on acquisitions, AI to ‘modernize’ title Read More »
Renovation technology firm Revive has introduced new tools and features for its artificial intelligence (AI) platform, Revive AI. Leaders said enhancements are designed to give real estate professionals greater visibility into client activity, as well as more control over branding and outreach. The platform — formerly known as Revive Vision AI — will see updates
Revive expands, renames agent AI platform Read More »
A quiet change in Texas law this past spring could ignite a crisis in affordable housing – and send a chilling signal to investors nationwide. House Bill 21 (HB 21), passed in May, drastically rewrites the rules for how affordable housing partnerships in Texas qualify for property tax abatements. For years, those abatements have been
The Texas law threatening to break the affordable housing equation Read More »
Agent safety in October, and every other month, remains a critical theme. The industry is rightly reminded each fall to take precautions during showings and open houses, and true safety extends well beyond physical well-being. For agents, particularly those navigating the complexities of the rental market, safety increasingly means protection against lawsuits, regulatory violations, and
Safety in real estate extends far beyond the physical Read More »
PennyMac Financial Services Inc. disclosed its third-quarter 2025 earnings on Wednesday, highlighted by a profit of $181.5 million from July through September — a figure that represented 33% growth from the prior quarter and 162% growth from the same period last year. The California-based mortgage lender increased its net income during the third quarter through
PennyMac’s Q3 2025 profit surges 33% with strong revenue growth Read More »
A 5 basis point drop in conforming mortgage rates boosted loan refinance application volume this week, but overall activity was down from seven days’ prior, the Mortgage Bankers Association said. Its Market Composite Index found application activity inched 0.3% lower on a seasonally adjusted basis from seven days prior and fell 0.2% on an unadjusted
Purchase apps languish even though mortgage rates decline Read More »
Key insight: The Department of Justice filed a motion opposing a Consumer Financial Protection Bureau employee union’s appeal of a DC Circuit ruling allowing the administration to fire hundreds of agency workers. What’s at stake: The CFPB employee union has been arguing that the administration is seeking to shut down the agency, something that only
DOJ opposes CFPB union’s request for rehearing on firings Read More »
Artificial intelligence dominated the conversations at the 2025 Mortgage Bankers Association Annual conference in Las Vegas, but a top mortgage executive called the hype a bubble. As lenders, servicers and vendors race to invest in AI and are touting their AI prowess alongside countless companies across the nation’s economy, Brian Woodring, chief information officer at
Mortgage exec calls AI hype a bubble as others weigh risks Read More »
A new tech showcase is in the works that aims to provide guidance and clarity to the mortgage industry as it tries to uniformly address shared residential lending compliance issues. A cooperative effort between the Conference of State Bank Supervisors and the Mortgage Industry Standards Maintenance Organization, the tech sprint will kick off with a
Mortgage industry groups announce new tech sprint Read More »
The bonds that underly mortgage rates were only slightly stronger today, but that’s never a bad thing when they closed near the best levels in a year the previous day. Additionally, those bonds improved by the end of the day yesterday, meaning that mortgage lenders were going into today with a bit of a cushion.
Another Winning Day For Mortgage Rates Read More »