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October 2025

Pennymac financial services unit improves profitability

Earnings, Industry News, Originations, Secondary markets, Servicing /

Pennymac’s financial services unit built profits as it produced consistent consecutive-quarter loan volume and reduced servicing valuation-related losses in a market with lower rates, but it fell short of some consensus expectations. The $181.5 million in net income recorded under generally-accepted accounting principles topped the previous quarter’s $136.5 million and $69.4 million a year earlier, […]

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Insurance provider Kin starts Florida mortgage business

Insurance provider Kin starts Florida mortgage business

Housing markets, Insurance, Marketing, MARKETING TO BORROWERS, Originations /

Kin, a direct-to-consumer home insurance provider, has entered the mortgage broker business, starting in Florida, and offering a full array of mortgage and home equity products. The mortgage broker business is also direct-to-consumer and plans are to eventually expand to other states where Kin has a presence, said company founder and CEO Sean Harper. He

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Pulte: GSE stock offering ‘as early as the end of 2025’

Politics and policy, Secondary markets, The Great American Mortgage Corporation /

A potential government-sponsored enterprise stock offering President Trump and his team have been “opportunistically evaluating” could be done on a near-term basis, US Federal Housing Director Bill Pulte confirmed late Monday. That offering for an entity that Pulte and Trump have called the Great American Mortgage Corporation “could be as early as the end of

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Senior home equity holdings rise to record level

Housing markets, LOAN PRODUCTS, Originations, Underwriting /

Seniors’ home equity holdings set a record in the second quarter as property values continue to increase, albeit at a slower pace than earlier this year. However, given the ongoing government shutdown, endorsements of Home Equity Conversion Mortgages, the Federal Housing Administration product which makes up the bulk of reverse mortgage lending, are on hold.

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Rate welcomes Jason Stenger to executive leadership

Rate welcomes Jason Stenger to executive leadership

CAREER & COMPENSATION, Career moves, Industry News, Originations /

Residential mortgage and services provider Rate is rolling out the welcome mat for mortgage industry veteran Jason Stenger, appointing him to chief production officer.  Stenger moves over to Chicago-based Rate from Movement Mortgage, where he most recently held the title of chief operations officer, a role he served in for over three years. Lyra Waggoner

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Better launches HELOC, CES wholesale channel

Better.com, HELOANs, HELOCs, Home equity loans, LOAN PRODUCTS, Originations /

Better Home & Finance is rolling out a new wholesale operation where it’ll offer home equity line-of-credit and closed-end second liens.  The lender is touting a wide credit matrix, fast originations and options including 12 and 24 month bank statement approval options for small business owners. The largely direct-to-consumer shop, with an emerging retail arm,

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New Western acquires Big State Home Buyers to expand investment pipeline

Affordable housing, Fix and Flip, Housing Inventory, Houston, HWmember, Mergers and Acquisitions, New Western, Real Estate, Texas /

New Western, a real estate investment marketplace and the nation’s largest homebuyer, has acquired Big State Home Buyers — a company specializing in sourcing vacant and distressed homes. The acquisition is intended to expand New Western’s supply pipeline and advance its mission to return underutilized properties to the market as affordable, move-in-ready homes, leaders said.

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Qualia puts forth FinCEN compliance solution

Closings, eClosing, FinCEN, HWmember, Money laundering, Qualia, Real Estate, Regulatory Compliance, Title /

Qualia has introduced new compliance tools within its cloud-based title production system to help title and escrow companies prepare for federal anti-money laundering regulations taking effect next March. New features are designed to help companies track, collect and report information required under the Financial Crimes Enforcement Network (FinCEN) Anti-Money Laundering Regulations for Residential Real Estate

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Stop leaving deals on the table: how lenders can use DPA to win the “missing middle”

Contributors, Homeownership, Lenders, Mortgage, Opinion, Origination /

We have known each other for years and frequently appear on the same panel or podcast. Recently, Mosi has made some points to address some of the challenges of down payment assistance (DPA) programs, and we wanted to share and build on those thoughts because they are major shifts we feel the industry needs to

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What the latest mortgage data tells us about home sales in 2026

Home Prices, Home Sales, Housing Market, HWmember, Mortgage Rates /

The average interest rate on all outstanding mortgages in the U.S. is now 4.3%. You might be surprised to learn that by the end of the year, the average rate will be higher than the levels of Q1 2020, before the pandemic boom. For the average American mortgage holder, the incredible gains of the pandemic

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