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 »
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 »
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 »
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 »
Securing homeowners’ insurance is reshaping the homebuying process itself. Premiums are rising, carriers are pulling back from entire states and buyers are increasingly discovering, sometimes days before closing, that the home they plan to purchase is either too expensive to insure or cannot be insured at all. What was once a routine, last-step check is
Homeowners Insurance is Reshaping the Real Estate Transaction Read More »
To my shock, housing demand grew noticeably last week, even though the war with Iran continues and mortgage rates are higher today than before the war started. Last week was one of the more positive reports since I started writing the Housing Market Tracker at the end of 2022. Everything I want to see in
Housing demand shockingly positive even as the Iran war continues Read More »
With refinance activity constrained and purchase volume under pressure, lenders are being forced to rethink their sustainable growth plans. The answer is becoming clear: home equity. As millions of homeowners remain locked into low mortgage rates, they are turning to second liens and mortgages to access equity without disrupting their primary loan. Tom Davis, Chief
Home equity emerges as a generational growth strategy for originators Read More »
The fight over Illinois Gov. J.B. Pritzker’s sweeping housing reform agenda is intensifying as both sides harden their positions. Supporters and detractors by the thousands delivered their opening arguments Thursday at the first major hearing on Pritzker’s six-bill package. Pritzker’s BUILD plan seeks to lower costs by making construction easier and faster statewide. It would
Pritzker’s honor: Illinois housing reform fight intensifies Read More »