On Thursday, the National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter of 2026. The index reading of 62 was down two points from the previous quarter but remains firmly in positive territory. The NAHB/Westlake Royal RMI asks remodelers to rate five aspects of the remodeling […]
Remodeler confidence slips but remains positive, NAHB reports Read More »
New View Advisors this week released its Proprietary Reverse Mortgage Production Index for the first quarter of 2026, with the data showing that private-label loan products have grown to new heights. The quarterly index provides an estimated dollar volume for newly originated proprietary reverse mortgages in the U.S. The company reported that from January through
Proprietary reverse mortgage volume eclipses HECM production for the first time Read More »
A federal judge has denied eXp Realty’s request to dismiss a fraud claim brought by four women who say the company lied about investigating their allegations of sexual assault by two former agents. U.S. District Court Judge André Birotte Jr. ruled this week that the fraudulent misrepresentation claim could move forward — including allegations that
eXp denied dismissal of fraud claims in sexual misconduct case Read More »
Luvene Realty Group, a nine-person real estate team led by Shauny Luvene, has moved to Compass from Keller Williams and will be based out of Compass’s Bayside office in the Milwaukee metro area, the company announced on Thursday. The move comes as Compass International Holdings executives focus on integrating Anywhere Brands and onboarding agents at
Milwaukee’s Luvene Realty Group moves to Compass Read More »
Blitz Permits Inc. (Blitz AI), a Florida-based developer of artificial intelligence (AI)-powered automated plan review technology, recently announced a strategic partnership with CityView, a provider of community development and permitting software for local governments. The companies will roll out a next-generation permitting and plan review experience, starting with a joint implementation in the City of
Naples adopts AI to accelerate building plan review processes Read More »
Key insight: Banks’ reliance on third-party software vendors and core providers may be eroding, according to Fifth Third consumer lending head Jay Plum. What’s at stake: Rather than scrambling to prepare for an annual exam, AI will prompt banks to conduct ‘mini reviews,’ making the exam process much easier. Expert quote: “AI changes the nature
Fifth Third official: AI will help banks ‘out-code’ vendors Read More »
Many borrowers will see no difference between yesterday and today’s mortgage rate quotes. The average lender moved just a hair lower. Once again, the rate market is responding to war-related headlines and their impact on oil prices. Rates don’t always care what oil prices are doing, but at present, there’s more correlation than normal due
Mortgage Rates Trickle Just a Bit Lower Read More »
LoanDepot is partnering with Figure Technology Solutions to launch a home loan product that they say can approve borrowers in as little as five minutes and deliver funding in as few as five days. Processing Content The Irvine, California-based lender will integrate Figure’s proprietary credit and loan underwriting engine into its own proprietary mello technology
LoanDepot taps Figure to launch 5-minute loan product Read More »
The idea of potentially unwinding all or part of the uniform mortgage-backed securities process has resurfaced in an analysis of government-sponsored enterprise ownership changes. Processing Content The report by capital markets and policy experts who are part of the Treasury Market Practices Group looks more broadly on what potential ownership changes contemplated at the GSEs could portend,
UMBS a key risk in any GSE ownership change: report Read More »
Mortgage rates backed off their recent 2026 high this week after concerns over an escalation of the Iran War temporarily subsided, but the numbers don’t necessarily mean an end to ongoing volatility, economists warned. Processing Content The 30-year fixed average decreased 9 basis points to 6.37%, according to Freddie Mac’s Primary Mortgage Market Survey of
Iran ceasefire brings brief reprieve for mortgage rates Read More »