January 2026

Newfi Lending expands DSCR program to accept crypto reserves

Newfi Lending, a national mortgage lender focused on non-QM originations, announced Tuesday that it’s expanding its debt-service-coverage ratio (DSCR) loan program to allow larger loan amounts, financing for rural properties and the use of qualifying cryptocurrency assets to meet reserve requirements without liquidation. The updates are aimed at real estate investors who hold digital assets […]

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Chris Heller joins PLACE as chief revenue officer

Chris Heller joins PLACE as chief revenue officer

Chris Heller has joined PLACE as its chief revenue officer, a newly created role. The company said Heller will oversee revenue strategy across its technology and services portfolio — including pricing, customer acquisition, retention and cross-platform integration. His responsibilities will also include improving revenue performance across existing business units and identifying new growth opportunities across

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GSEs boost foreclosure prevention as forbearances surge

GSEs boost foreclosure prevention as forbearances surge

Foreclosure prevention activity increased in October as Fannie Mae and Freddie Mac completed more than 17,000 actions to help struggling homeowners, according to a Federal Housing Finance Agency (FHFA) report released Thursday. The government-sponsored enterprises (GSEs) completed 17,032 foreclosure prevention actions in October 2025, bringing the total to nearly 7.3 million since the start of

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Kurt Pfotenhauer, mortgage and title industry leader, dies

Kurt Pfotenhauer, mortgage and title industry leader, dies

Kurt Pfotenhauer, a longtime leader in the mortgage and title industry, has died, First American Financial said in a statement. He was executive vice president and vice chairman of the company. Processing Content “Kurt will be remembered not only for his professional achievements, but also for the kindness and integrity he showed to everyone he

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Why the tri-merge credit mandate is hard to defend

Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now In a December 2025 letter to Federal Housing Finance Agency Director Bill Pulte, the Mortgage Bankers Association noted that “the current GSE requirement to obtain a report from each of the three credit

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Trump Fed majority stalled, not stopped, if Cook remains

Key Insight: The Supreme Court’s focus on procedural and due process concerns suggests that Fed Governor Lisa Cook is likely to remain in her post while her case against the Trump administration proceeds. Expert quote: “While it’s always perilous to try to predict where the Court will come out, it seems to me that the

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Wells Fargo faces amended class action loan-mod complaint

A group of mortgage borrowers have filed a third amended class action complaint against Wells Fargo over loan-modification issues dating back to 2010. Processing Content The latest action in Curry, et al. v. Wells Fargo Bank NA reiterates allegations related to Wells Fargo miscalculations around the cost of loss mitigation for multiple borrowers, but focuses

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Mortgage rates rise as investors react to Greenland comments

Mortgage rates moved slightly higher this week, as the 10-year Treasury yield remains elevated, in large part due to investor concerns over Pres. Trump’s Greenland pronouncements, and how those ended up blunting the housing message expected in Davos. Processing Content The good news is rates are still well below the 2025 peaks the market experienced

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FDIC adds banker to regulatory appeals board in final rule

Key Insight: The Federal Deposit Insurance Corp. is restructuring its supervisory appeals process. Supporting data: The final rule requires the three-member appeal panel to have at least one member with supervisory or examination experience and another with industry experience. Forward look: Comptroller of the Currency Jonathan Gould said the Office of the Comptroller of the

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