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Author name: Ricky Vasquez

End of FHA pandemic relief to kick off wave of foreclosures

Foreclosures, Ginnie Mae, Politics and policy /

Processing Content Key insight: The FHA tightened the screws on its borrowers by requiring a three-month trial payment period that is now fueling a surge in delinquencies.  What’s at stake: Thousands of borrowers face massive balloon payments, negative equity and soaring taxes and insurance payments as pandemic-era relief options are exhausted. Supporting data: “We need […]

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Funding to build or buy SFR hits market as debate rages

Funding to build or buy SFR hits market as debate rages

Homebuilders, Housing markets, Politics and policy /

The creation of new homes, and for whom they are being built for, is a hot button topic in Washington today.  Processing Content On Monday night, in a social media post, President Trump called on the House of Representatives to pass the Senate version of a housing bill which impacts institutional investors’ ability to purchase

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Late student-loan payments are rising. Is a domino effect coming?

Auto lending, Consumer banking, Consumer lending, Credit cards, Student loans /

Key insight: In research published Tuesday, the New York Fed explored the question of how the end of pandemic-era forbearance on student loans may negatively affect other consumer-lending segments. Supporting data: Of the borrowers who defaulted on their student loans in the first quarter of this year, 40% were also delinquent on auto loans, and

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Housing market approaching equilibrium: HouseCanary

Condos and HOAs, Housing Inventory, Housing markets /

The nation’s housing market is settling into a “more sustainable equilibrium,” according to real estate analytics firm HouseCanary.  Processing Content More homes nationwide went under contract in April compared to the same time last year, while the median closing price was up over 5% in the same timeframe, the firm reported this month. Inventory growth,

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Mortgage credit availability drops for first time this year

LOAN PRODUCTS, Originations, Underwriting /

Mortgage credit availability decreased in April, even though rates fell in three consecutive weeks during the month. Processing Content The Mortgage Bankers Association’s Mortgage Credit Availability Index declined 0.4% to 107.9 in April, it reported Tuesday. The index reached 108.3 in March after a 1.1% gain, the highest mark since August 2022. “After three months

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Figure drops hints of future mortgage product

Earnings, Industry News, LOAN PRODUCTS, Mortgage technology, Originations /

Figure Technology Solutions reported a profitable start to 2026, driven by new partnerships on its blockchain-backed loan and capital marketplace, and signaled a potential future mortgage offering. Processing Content The New York-based fintech reported net income of $45 million in the first quarter, almost tripling its gain from $15.1 million three months earlier. The latest

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Mortgage rate locks sink after previous month’s surge

Capital markets, Mortgage Rates, Mortgage technology, Originations, Secondary markets /

Rate locks on home loans fell in April with a particularly steep dive in refinancing activity as the impact from March’s higher financing costs reversed some previous gains. Processing Content Overall, locks fell 9% from the previous month as purchase loans inched down 2% and rate-and-term refinances dropped by nearly 38%, according to Optimal Blue,

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Figure posts strong Q1 on surge in blockchain lending activity

Blockchain, Earnings, Figure Technologies, HWmember, Mortgage, Origination, Technology /

Figure Technology Solutions reported first-quarter net income of $45 million as the blockchain-based lending marketplace nearly doubled revenue and more than doubled consumer loan marketplace volume year-over-year. The company said on Tuesday that its consumer loan marketplace volume rose 113% year over year to $2.9 billion in the quarter ended March 31. Figure Connect volume

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Trump to Congress: Pass ROAD Act with institutional investor ban

build-for-rent, Donald Trump, Housing Policy, HWmember, Policy, The Builder's Daily, Trump administration /

President Donald Trump, in a Truth Social post Monday night, urged Congress to pass the 21st Century ROAD to Housing Act.  In the post, Trump doubled down on his support for a ban on institutional investors buying single-family homes. The Senate’s version of the bill includes a provision that would prohibit investment firms that own

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NextHome opens two Southern California offices with 200 agents

Brokerage, eXp Realty, eXp World Holdings, HWmember, NextHome, People Movers, Real Estate /

Brokerage leader Albert Meggers has launched two large Southern California offices under the NextHome brand, bringing nearly 200 agents onto the franchise’s new large-office model following its acquisition by eXp World Holdings. NextHome, a national real estate franchise and subsidiary of eXp World Holdings, said it is expanding its Southern California footprint with two coastal

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