As home price appreciation continues to slow, home equity decreased again in the fourth quarter, completing a full year of annual declines. Processing Content Borrower equity fell $78.8 billion, or 0.5%, year over year, according to Cotality’s Home Equity Report for the fourth quarter of 2025. That was an average decrease of $8,500 per borrower, […]
Home equity dips $78.8B as appreciation weakens Read More »
Lennar’s management is working through the various challenges facing homebuilders: not just the Iran conflict, but also the antipathy against institution investor purchasers. Processing Content In its first fiscal quarter, which ended on Feb. 28, Lennar earned $229 million, less than half of the $520 million it made for the same period in 2025. The
Lennar profit drops 56% amid rates, Iran uncertainty Read More »
Key insight: Bank enforcement actions fell by 55% during the first year of the Trump administration, according to data compiled by financial advisory firm Klaros. Supporting data: Klaros’ analysis shows that agencies issued 20 enforcement actions in the first quarter of 2025, but reduced that number to two by the fourth quarter. Terminated enforcement actions,
Enforcement is down under Trump. Is that a problem? Read More »
FIGRE Trust is preparing to sell securitized bonds secured by recently originated revolving home equity lines of credit (HELOC), with the smallest underlying loan count and a pool balance, $335.7 million, one of the smallest in the program since late July 2025. Processing Content The transaction, FIGRE Trust 2026-HF3, will sell the notes through eight
FIGRE Trust issues $335.7 million from pool of HELOC Read More »
Better Home & Finance is shedding its direct-to-consumer identity as it leans on artificial intelligence to push it out of a long financial slump. Processing Content The now self-described AI-native mortgage platform on Friday promoted growth opportunities from bigger deals, including a new partnership with an unnamed, top-5 nonbank originator. Exuberant founder and CEO Vishal
Better lost $40M. Its CEO has never been bolder Read More »
Movement on plans for an offering of shares from government-sponsored enterprises Fannie Mae and Freddie Mac is likely to be tabled until after the midterm elections, according to a Wedbush report. Processing Content “The only discussion we are expecting from the administration regarding these two until after the midterms, if at all, is around the
Fannie, Freddie share sale likely after midterms or later Read More »
Churchill Mortgage and an ex-manager are sparring in a poaching case with accusations of unpaid severance, stolen customers, claims the lender is broke, and ChatGPT espionage. Processing Content The company sued Jeffrey Miller last summer, claiming the laid-off manager used internal compensation and performance data to lure his former colleagues to his new employer Supreme
Churchill vs. ex-manager: Poaching, severance, ChatGPT Read More »
Mortgage rates are driven by the bond market. Although bonds only experienced moderate, steady weakness throughout the day, mortgage rates lurched higher by an amount typically seen when the market is reacting to big, breaking news. But there wasn’t any of that sort of news on tap today–just downbeat updates that reinforced a longer timeline
Mortgage Rates Spike to 2026 Highs Read More »
Florida-based real estate firm MV Realty sees a potential new legal challenge even after settling another of the numerous lawsuits that accuse it of predatory entrapment in regards to its controversial homeowner benefit agreement program. Processing Content Massachusetts Attorney General Andrea Joy Campbell announced her office reached an agreement with the firm, issuing a $2.25
MV Realty settles NTRAP suit, but more legal woes loom Read More »
The Senate this morning passed a version of the 21st Century ROAD to Housing Act, earning generally positive reviews from the mortgage industry, though some trade groups raised concerns about what the bill includes and what needs to be changed. Processing Content Passage of the bill was overwhelming with 89 votes in favor to just
Mortgage groups split after Senate passes housing bill Read More »