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Lower inks marketing deal with HomeSmart

Brokerage, HomeSmart International, HWmember, Lenders, LendingLife, Marketing, Mortgage, Origination, Partnerships /

Multichannel mortgage lender Lower has entered into a marketing agreement with real estate brokerage HomeSmart, giving the firm’s nationwide agent network access to Lower’s mortgage solutions. The announcement comes amid a growing wave of partnerships between lenders and brokerages, including Rocket Companies’ $1.75 billion all-stock acquisition of Redfin that closed in July. Earlier this year, Lower […]

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PennyMac’s Q3 2025 profit surges 33% with strong revenue growth

Earnings, HWmember, LendingLife, Mortgage, Mortgage Servicing, MSRs, PennyMac /

PennyMac Financial Services Inc. disclosed its third-quarter 2025 earnings on Wednesday, highlighted by a profit of $181.5 million from July through September — a figure that represented 33% growth from the prior quarter and 162% growth from the same period last year. The California-based mortgage lender increased its net income during the third quarter through

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TransUnion pushes back on single-pull mortgage credit proposal

Bob Broeksmit, credit report, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Origination, TransUnion /

Credit bureau TransUnion is pushing back against the idea of replacing the current tri-merge mortgage credit model with a single credit pull, arguing that the shift would increase systemic risk and restrict access to credit. The conclusion comes from a TransUnion study released during the Mortgage Bankers Association (MBA)’s Annual Convention and Expo, as the

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TransUnion cuts VantageScore 4.0 pricing for mortgage lenders

Credit Score, Equifax, Experian, FICO, HWmember, LendingLife, Mortgage, Origination, TransUnion /

Credit bureau TransUnion has followed its peers in slashing prices for mortgage lenders that purchase VantageScore 4.0, responding to Fair Isaac Corp. (FICO)’s newly implemented pricing model. Starting in 2026, TransUnion will offer VantageScore 4.0 for $4 per score and provide it at no cost to lenders that purchase a FICO score through the end

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Griffin Funding alleges West Capital Lending, former LOs diverted borrower leads

California, Griffin Funding, HWmember, Lawsuit, Legal, LendingLife, loanDepot, Mortgage, Mortgage Broker /

loanDepot wasn’t the first mortgage lender to accuse West Capital Lending (WCL) of engaging in unlawful business practices — allegations that have drawn renewed attention to the tensions between retail mortgage lenders and brokerages in California. The cases spotlight the transfer of leads and borrowers when loan officers move between companies, raising questions about the

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FHFA proposes 2026-2030 strategic plan, signaling shift under Trump administration

Bill Pulte, Fannie Mae, FHFA, Freddie Mac, HWmember, LendingLife, Mortgage, Regulatory, Regulatory Compliance, Trump administration /

The Federal Housing Finance Agency (FHFA) is seeking public feedback on its proposed strategic plan for 2026–2030, the agency announced Wednesday. The document, described as “consistent with its statutory requirements and President Trump’s executive orders,” marks a sharp shift from the Biden-era plan. It introduces new priorities such as fraud detection and deregulation, while scaling

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New-home mortgage applications dip in September

Homebuilder Confidence, Homebuilders, HWmember, LendingLife, Mortgage, Mortgage applications, Mortgage Bankers Association, New Home Sales, Origination, Purchase Applications /

Mortgage applications for new homes dipped in September from the previous month but remained higher than last year’s levels, according to the Mortgage Bankers Association (MBA)’s Builder Application Survey released Thursday. The data offers a snapshot of housing demand at a time when market watchers are seeking clues about new-home sales amid the federal government

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Trump to receive Fed chair candidates in December

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Treasury Secretary Scott Bessent told CNBC on Wednesday that he’ll soon be giving President Donald Trump several candidates to serve as the next chair of the Federal Reserve. “Likely sometime after Thanksgiving, in December, we’ll present the president with three or four candidates for him to interview,” Bessent told CNBC’s Sara Eisen. Bessent disclosed that he’s trimmed the

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How Trump’s immigration policies reshape mortgage strategies

Hispanic homeownership, HWmember, International buyers, LendingLife, Loan Officer, Mortgage, Non-QM, Origination, Trump administration /

Loan officer Elizabeth Galan, who works for UMortgage in Cincinnati, has had to pivot her business strategy in 2025. Galan focuses on serving Hispanic borrowers — about 80% of her clients — in cities like Cincinnati and Dayton, Ohio, as well as northern Kentucky. Many of them hold non-permanent resident status, meaning they live in

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Longbridge employs One Diligence’s AI platform

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One Diligence, a provider of reviews and outsourcing solutions to the residential mortgage industry, announced on Thursday that reverse mortgage lender Longbridge Financial has implemented its artificial intelligence–driven platform to enhance accuracy and efficiency in loan servicing operations. Longbridge found an opportunity to improve how it verifies loan data between its origination system and loan

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