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Industry News

HUD to update manufactured home definition, cut requirements

Housing affordability, HUD, Industry News, Politics and policy /

The U.S. Department of Housing and Urban Development is looking to update the definition of a manufactured home and support opportunities for multistory manufactured housing. Processing Content Under the proposed rule published in the Federal Register Friday, the new definition of a manufactured home, as mentioned in the Manufactured Home Construction and Safety Standards, also […]

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9 in 10 buyers OK sharing financial data with AI, survey finds

Artificial Intelligence, Industry News, Mortgage technology, Originations /

Homebuyers are becoming more trusting of artificial intelligence across every stage of the homebuying journey, a new industry report found. Processing Content More than half, 53%, of prospective buyers said they would be comfortable purchasing a home without any direct human involvement, according to a survey conducted by Veterans United Home Loans. “What’s striking is

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Mortgage Bankers association nominates 2027 vice chairman

Mortgage Bankers association nominates 2027 vice chairman

Career moves, Industry News, Mortgage Bankers Association, Reverse mortgages /

The Mortgage Bankers Association nominated Jeff Weidell, CEO of Northmarq, as its vice chairman for 2027. Processing Content Weidell will be installed as vice chairman at the MBA’s 113th Annual Convention and Expo in Chicago in October. After serving a year in the role, Weidell is expected to be chairman-elect during the 2028 membership year

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Rocket Cos. upsizes debt offering, bringing total to $1.5B

Capital markets, Industry News /

Rocket Cos. has priced two senior note offerings aimed at helping it better manage other debt as the due dates for some of its outstanding borrowings have neared. Processing Content The two sets of unregistered notes offered under Rule 144A to institutional buyers in the United States and Regulation S to European investors were set

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HUD seeks data on robotics-built homes, automated permitting

Housing affordability, HUD, Industry News, Politics and policy /

The U.S. Department of Housing and Urban Development opened two funding opportunities worth a combined $13 million aimed at increasing efficiency and reducing costs. Processing Content The larger funding opportunity, worth $10 million, focuses on tests that leverage advanced robotics and artificial intelligence to accelerate the manufacturing of factory-built housing and offsite components. The second

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All American Home Mortgage expands Las Vegas presence

Career moves, Industry News, M&A /

All American Home Mortgage is strengthening its presence in Las Vegas with the acquisition of a Liberty Home Mortgage branch. Processing Content As part of the acquisition, All American, a subsidiary of Tri-Star Management, Inc., welcomed six new employees. Joe Page and Lynn Jabs joined the company as senior mortgage bankers. Garrett Smith, RaeAnna Anderson

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How Valon and Carrington plan to crack a servicing tech duopoly

How Valon and Carrington plan to crack a servicing tech duopoly

Artificial Intelligence, Industry News, M&A, Mortgage technology, Servicing /

One of 2026’s latest acquisition deals involves two companies eyeing growth — one through addition and the other via the sale of assets, allowing it to focus on its core mission since inception.   Processing Content The May deal between Valon Technologies and Carrington Mortgage Services spotlights two running themes in the current wave of mergers

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Minnesota mandates recording of most mortgage servicing calls

Industry News, Regulation and compliance, Servicing /

A new Minnesota bill signed into law last week will require mortgage servicers to maintain recordings of all customer telephone interactions for five years, alongside a host of tightened rules affecting escrow and account transfers.  Processing Content Under the new law, companies servicing more than 500 residential loans in the North Star State must record

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Xactus turns a rival’s tool into its own fintech bet

Xactus turns a rival’s tool into its own fintech bet

Industry News, M&A, Mortgage technology, Originations /

Xactus bought a platform used by its competitors and turned it into a new subsidiary and company leaders say the deal is less about market share than where fintech is heading. Processing Content The purchase of Mortgage Credit Link, the web-based order fulfillment platform serving consumer reporting agencies, by Xactus’ parent company brought with it

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Beeline Holdings to acquire 100% of AI real estate company

Beeline Holdings to acquire 100% of AI real estate company

Industry News, M&A, Mortgage technology /

Beeline Holdings, a mortgage and fintech platform, entered into a nonbinding letter of intent to acquire 100% of MagicBlocks, the company announced in a press release Thursday. Processing Content The move is expected to expand Beeline’s artificial intelligence capabilities and improve its initiatives across digital mortgage automation, AI-assisted lending operations, blockchain settlement systems, tokenized real

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