Two former executives who left Rocket earlier this year are starting a company with an “all-in-one” technology platform that United Wholesale Mortgage is supporting. Processing Content United Wholesale Mortgage and the CEO of the new venture, Dan Sogorka, confirmed earlier HousingWire reports about plans for the new firm. Mike Fawaz is the founder of the […]
Former Rocket execs to offer broker platform, work with UWM Read More »
The U.S. Department of Housing and Urban Development sent a letter to real estate professionals to assure them they are not violating the Fair Housing Act when sharing information with potential homebuyers about neighborhood crime rates and school quality. Processing Content Assistant Secretary for Fair Housing and Equal Opportunity Craig Trainor explained in the letter
HUD says sharing crime, school data doesn’t violate Fair Housing Act Read More »
Motto Mortgage will retain its current business model of a mortgage brokerage franchisor following completion of parent company Remax Holdings purchase by Real. Processing Content The transaction will also not affect the operations of Wemlo, the mortgage processing business owned by Remax nor that of One Real Mortgage, the mortgage brokerage owned by Real. “Additionally,
Motto Mortgage will remain brokerage franchisor under Real Read More »
Key insight: Tillis’ acquiescence opens the door for a party-line confirmation of Warsh from the Senate Banking Committee on Wednesday. What’s at stake: Warsh will have considerable power over the Fed’s rate setting committee as chair of the Federal Reserve Board. Forward look: Warsh’s path to confirmation has now been cleared of its only significant
Tillis drops Warsh objections after DOJ exits Powell case Read More »
New York City Mayor Zohran Mamdani is ramping up efforts to protect homeowners in creating the city’s first office focused solely on deed theft. Processing Content The Office of Deed Theft Prevention, which will be led by local attorney Peter White, will flag suspicious real estate filings, improve data sharing across agencies and conduct public
First deed theft office opened by NYC Mayor Mamdani Read More »
Key insight: Cyber risk and the potential for an economic downturn are the leading concerns amongst bankers surveyed by fintech IntraFi. Supporting data: Cyber risk topped bankers’ concerns, with 29% of respondents citing cyber as a top concern, followed by 22% for an economic downturn and 17% for risks related to continuity at the Federal
Bankers most worried about cybersecurity, economy: Survey Read More »
According to Google Trends, online searches for down payment information recently hit an all-time high. And that’s a clear sign more buyers are trying to figure out what they really need to save before making a move (see graph below): If you’re wondering the same thing, you can always turn to the internet for answers.
Think You Have To Put 20% Down? Most First-Time Homebuyers Don’t. Read More »
NEXA Lending CEO Mike Kortas is pushing back against a trade secrets lawsuit from loanDepot, alleging the competitor has engaged in the same behavior. Processing Content The lender and servicer sued NEXA in a Mississippi federal court earlier this week, accusing the rival of helping two Mississippi-based loan officers misappropriate trade secrets in recent months.
NEXA’s Kortas vows countersuit in loanDepot trade secret row Read More »
Dark Matter Technologies’ new CEO says acquisitions are going to play a vital role in his company’s future. Processing Content Former chief technology officer at the company, Vikas Rao, took over as the mortgage software company’s chief executive this month in an organizational leadership restructure also characterized by a leaner workforce. A veteran of technology
New Dark Matter CEO eyes deals, AI-first future Read More »
Mortgage originators had to scratch for every loan they closed last year, as seen in the highly unusual circumstance of the fourth quarter being the year’s strongest. As a result, 2025 found a slight increase in volume among our survey respondents. Processing Content Last year, the No. 250 originator produced just under $25 million; this
2026’s Top Producers, numbers 275-176 Read More »