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Trump’s mortgage order sets stage for regulatory shift, draws consumer backlash

Community Bank, Consumer Financial Protection Bureau, HWmember, IMBs, LendingLife, Mortgage, Origination, Regulatory, Regulatory Compliance, Trump administration /

President Donald Trump’s executive order targeting mortgages addresses several concerns raised by banks and nonbanks, which have largely welcomed it as a road map for regulatory change. But it’s also receiving pushback from consumer advocates. Friday’s order on “promoting access to mortgage credit” aims to boost lending by community banks (with less than $30 billion […]

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MBA’s Broeksmit on Trump orders, AI and mortgage affordability at ICE X26

Bob Broeksmit, HWmember, ICE Mortgage Technology, Intercontinental Exchange, LendingLife, Mortgage, Mortgage Bankers Association, Origination, Trump administration /

“Just when I think things are falling in place, another wild card arrives,” Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit said Tuesday morning at ICE Experience’s X26 annual mortgage conference.  In a conversation with ICE Mortgage Technology President Bob Hart that spanned recent executive orders, mergers and acquisitions, and artificial intelligence, Broeksmit admitted

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Banks eye bigger role in mortgages as regulators reconsider capital rules

AmeriHome, Bank of America, Banking, HWmember, LendingLife, Mortgage, Mortgage Servicing, MSRs, Origination, Regulatory, U.S. Bank /

Top banks in the mortgage space, which have relied on a similar playbook for years, say they could become more active if upcoming changes to capital rules provide more flexibility, several industry executives told HousingWire. But any shift in strategy is expected to take time. Depositories typically focus on their existing customer base, ranging from

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Federal judge blocks DOJ subpoenas targeting Federal Reserve Chair Powell

Department of Justice, Federal Reserve, HWmember, Jerome Powell, Legal, LendingLife /

A federal judge on Friday blocked subpoenas that the U.S. Department of Justice (DOJ) served the Federal Reserve in a case involving Jerome Powell’s Congressional testimony on the central bank’s headquarters renovation, concluding the effort appeared designed to “harass and pressure” him to lower interest rates or resign from his position. The DOJ served the

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Is Opendoor playing the builder rate buydown game?

Affordability, Home Prices, HWmember, LendingLife, Mortgage, Mortgage Rates, Opendoor, Origination /

iBuyer Opendoor’s recently launched mortgage product — which promises below-market interest rates after the company removed its markup — has sparked debate across the industry about who absorbs the cost and whether the model is sustainable. Some industry professionals view the offering as similar to the strategy many homebuilders use — providing below-market mortgage rates

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NFM Lending adds South Carolina producer Phil Crescenzo Jr.

HWmember, Lenders, LendingLife, Loan Officer, Mortgage, Origination, People Movers, South Carolina, Team Leaders /

Phil Crescenzo Jr., a high-producing loan officer in South Carolina, is joining NFM Lending. The move was announced Friday on social media by NFM managing director Greg Sher. Crescenzo comes to NFM after a two-year stint as Southeast division manager for Nation One Mortgage Corp. His prior experience also includes roles as a producing branch

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West Capital Lending sues loanDepot, alleges unlawful pay scheme

Lawsuit, Legal, LendingLife, Loan Officer, loanDepot, Mortgage, Truth in Lending Act /

West Capital Lending (WCL) has sued loanDepot, accusing the California-based mortgage lender of engaging in a long-running compensation scheme that violates the Truth in Lending Act (TILA). The lawsuit, filed Friday in the U.S. District Court for the Central District of California, marks the latest escalation in a bitter legal feud between the two companies.

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Newrez is waiving lender title insurance on some refis

HWmember, LendingLife, Mortgage, Mortgage Broker, NewRez, Origination, Refinancing, Title insurance, Wholesale Lending /

Multichannel mortgage lender Newrez has launched Newrez TitlePass for use in its wholesale channel, giving mortgage brokers a way to waive the lender title insurance requirement on certain refinance loans. This could potentially save borrowers hundreds or thousands of dollars in closing costs, the company said Monday. The program is offered exclusively through Newrez’s affiliated

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Redwood launches Aspire securitization shelf with $391M non-QM deal

HWmember, LendingLife, Mortgage, Non-QM, Origination, Redwood Trust, Secondary market, Securitization /

Redwood Trust closed a $391 million securitization backed by nonqualified mortgages (non-QMs), marking the inaugural deal from its Aspire platform that was expanded in early 2025, the company announced Friday. The transaction (SPIRE 2026-1) establishes Redwood’s third securitization shelf, alongside Sequoia for nonagency mortgages and CoreVest for business-purpose lending. Aspire’s first securitization includes 752 loans

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Angel Oak’s Tom Hutchens on new growth path for non-QMs as rates ease

Angel Oak, HELOC, HWmember, LendingLife, Mortgage, Non-QM, Origination, Real Estate Investing /

When mortgage rates stayed higher for longer over the past few years, originators increasingly turned their attention to nonqualified mortgages (non-QMs). But that resurgence may not lose momentum even if rates decline in 2026. “We traditionally have seen nonagency volumes represent about 10% of the mortgage business. If you figure it’s $2 trillion a year

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