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March 2026

CrossCountry Mortgage to strengthen footprint with Summit M&A deal

CrossCountry Mortgage, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Origination, Retail Lending /

Cleveland-based CrossCountry Mortgage (CCM) has struck a deal to acquire Summit Funding, broadening its geographic reach, the companies announced Wednesday. Financial terms of the transaction were not disclosed. “In 2025, we financed 1 in 35 homes sold nationwide, ranking as the No. 1 retail mortgage lender,” Ron Leonhardt, founder and CEO, told HousingWire. “This acquisition […]

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Anywhere’s Sue Yannaccone named Compass International Holdings COO

Anywhere, Brokerage, Compass, HWmember, People Movers, Real Estate /

Compass International Holdings (CIH), the parent company of Compass, @properties, Christie’s International Real Estate and the six Anywhere Real Estate brands, has promoted Sue Yannaccone to chief operations officer, according to an announcement on Wednesday. Yannaccone’s promotion comes a little over two months after Compass closed its $1.6 billion acquisition of Anywhere. Yannaccone most recently

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Fed holds rates, officials signal wait and see on inflation risks

Federal Reserve, Housing Market, HWmember, Inflation, Jerome Powell, Monetary policy, Mortgage Rates, Regulatory, Unemployment /

In a widely expected move, the Federal Reserve held its benchmark interest rate steady Wednesday at a target range of 3.5% to 3.75%, the same level it set in January. “Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has been little

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Fannie Mae, Freddie Mac revise condo insurance standards

Affordability, Fannie Mae, FHFA, Freddie Mac, GSEs, Homeowners insurance, HWmember, Mortgage, Regulatory /

Fannie Mae and Freddie Mac on Wednesday announced updates to condominium project standards and property insurance requirements for one- to four-unit properties and project developments, with a stated goal of reducing costs for homeowners. “We are replacing a disruptive and expensive Biden insurance mandate with commonsense policies for today’s market,” Bill Pulte, director of the

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Fed Chair Powell to stay on until DOJ concludes probe

Federal Reserve, Litigation, Monetary policy, Politics and policy, Trump administration /

Key Insight: Federal Reserve Chair Jerome Powell acknowledged Wednesday that he may remain at the helm of the central bank past the end of his term because of delays in confirming his successor, and said he does not plan to leave while an investigation into him is ongoing. Expert quote: “I have no intention of

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FHFA loosens insurance rules targeting condos, rural loans

Condos and HOAs, FHFA, Homeowners insurance, Mortgages, Secondary markets, Servicing /

The Federal Housing Finance Agency and the government-sponsored enterprises have opened up some new insurance options for borrowers, departing from a strict coverage mandate for single-family homes. Processing Content Fannie Mae, Freddie Mac and the agency also known as US Federal Housing, partially relented on “replacement cost only” rules. Roofs no longer need to be

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Trump push on RON faces real-world limits

Digital mortgages, LOAN PRODUCTS, Mortgage technology, Mortgages, Originations /

While President Trump’s executive order promoting increased access to mortgage credit makes prominent mention of digital loans and remote online notarization, the practical effect might be limited. Processing Content RON is already allowed in 48 states and the District of Columbia; though some of those still only have temporary authorization in place. However, even with

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IMB profits drop sharply even as volume surges in Q4

LOAN PRODUCTS, Mortgages, Originations /

Even with the surprisingly strong fourth quarter for origination volume, net production profits at nonbank lenders were down about 44% from the period ended Sept. 30, 2025, the Mortgage Bankers Association found. Processing Content Still, the industry has been profitable three quarters in a row. It follows a run where IMBs averaged losses 10 out

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