The National Association of Realtors (NAR) and its CEO Nykia Wright have broadly acknowledged that things within the trade organization need to change. And while the trade group and its leadership team have taken steps in that direction, meeting with members across the country and pushing for improved transparency through efforts via its 2026-2028 Strategic […]
What changes are industry leaders demanding from NAR? Read More »
Dr. Cheryl Travis-Johnson, the executive vice president and chief operating officer of VRM Mortgage Services, died last week, according to the company. Travis-Johnson, an industry veteran with over 30 years of service, joined VRM in 2008 and helped to position the company as a “trusted and innovative partner” in delivering mortgage services. VRM’s press release
VRM executive Cheryl Travis-Johnson has died Read More »
The federal government shutdown is set to reach one month on Saturday, and the impacts are being felt by many Americans, including seniors who are struggling to access food, health care and a variety of support services. An article published last week by national senior advocacy group AARP highlighted some of the difficulties being faced
Government shutdown impacts senior access to services Read More »
Top-producing mortgage originator Chris Planto has rejoined Rate as vice president of mortgage lending in the Houston market. Planto returns to Rate from CrossCountry Mortgage, where he most recently served as a senior loan officer. “We are absolutely thrilled to welcome back Chris Planto to our Rate family,” said Todd Heaton, an executive vice president
Chris Planto returns to Rate as VP of mortgage lending Read More »
Multichannel mortgage lender Newrez continued to contribute positively to parent company Rithm Capital’s earnings in the third quarter of 2025, during which the company closed an agreement with Wells Fargo in the private-label securities (PLS) space. In the third quarter, Newrez posted pretax income of $295 million — excluding a net hedge mortgage servicing rights
Newrez boosts Rithm Capital’s Q3 earnings Read More »
Every now and then, a Thursday comes along where we have to set the record straight on what is actually going on with mortgage rates. That’s because Freddie Mac releases its weekly mortgage rate survey on Thursdays and its methodology can cause confusion in the mortgage market. This particular Thursday is an especially treacherous minefield
Mortgage Rates Are Anything But Lower This Week Read More »
Fannie Mae has staged a new round of layoffs impacting 62 people viewed as working in noncore functions, according to Federal Housing Finance Agency Director Bill Pulte’s social media post. Pulte, who has said he posts announcements informally on social media platforms like X first to provide immediate transparency, indicated that the cuts were made
Fannie Mae laying off 62 in DEI, COO, and other units: Pulte Read More »
Rocket Companies swung back to a GAAP net loss in the third quarter as the company finalized its first of two major purchases, the acquisition of Redfin, during the period. The Mr. Cooper transaction, the larger of the two, did not close until Oct. 1, but included in the current results was the previously disclosed
Rocket’s Q3 dips into the red amid deal costs Read More »
High-speed internet access has evolved from a luxury amenity to an essential utility that directly influences residential property valuations across the United States. Modern homebuyers and mortgage lenders increasingly recognize broadband connectivity as a major factor in determining home desirability and market value. Broadband infrastructure drives market premiums According to a study published in Regional
Assessing the impact of broadband on property values Read More »
Intercontinental Exchange is making more money from its mortgage technology unit, profits executives said should remain steady with new customers offsetting big-name departures. The sprawling financial giant reported $22 million in mortgage technology operating income for the third quarter, trending upward after past losses flipped into the black in the second quarter. On an adjusted
ICE unfazed by big lender exits as it adds more customers Read More »