A Georgia couple lost their longtime family home after a forged deed led to a reverse mortgage they claimed they never signed, according to reporting from WSB-TV. James and Lucretia Klucken said they began receiving notices in 2019 about repayment on a $50,000 reverse mortgage tied to James’ family property. After reviewing the documents, James, […]
Forged deed and mortgage fraud cost Georgia couple their home Read More »
It isn’t news that ICE Mortgage Technology had planned to shut down some of its older tech systems — mainly the Encompass SDK — by Oct. 31, 2025. Users were supposed to switch to newer, API-based technology called Encompass Partner Connect (EPC) by that deadline. Now, the Halloween deadline has been pushed. Instead of 2025,
Why are some vendors dragging their feet on the ICE SDK transition? Read More »
Independent mortgage banks (IMBs) delivered a pretax net production profit of $950 per loan in the second quarter of 2025, rebounding from a $28 loss in the prior quarter. The improvement was fueled by seasonality, cost reductions and higher average loan balances. The data, released on Tuesday, comes from the Mortgage Bankers Association report covering
IMBs swing back to profitability in Q2 with $950 per-loan gain Read More »
With all eyes now firmly focused on the second half of 2025, mortgage servicers throughout the U.S. face an important period for property tax management. More than 60% of all property tax bills are due between July and December, making the second half of the year extremely critical for the mortgage industry. Data from FRED
Common pitfalls: Where mortgage servicers often stumble in the second half Read More »
The California Department of Financial Protection and Innovation (DFPI) confirmed on Monday that it has reached a $2.3 million settlement with former mortgage lender and servicer Caliber Home Loans Inc. California regulators found that in 2016, Caliber overcharged borrowers per diem interest and later identified 4,912 affected loans between 2012 and 2019, totaling $550,316. These
Caliber Home Loans fined $2.3M for overcharging California borrowers Read More »
RE/MAX Holdings has appointed Vic Lombardo as its president of mortgage services. Lombardo will succeed Ward Morrison to oversee mortgage brokerage franchise brand Motto Mortgage and third-party processing solution wemlo, the company announced on Monday. Lombardo brings more than two decades of experience to the role. He most recently served as chief operating officer of
RE/MAX turns to Vic Lombardo to scale Motto Mortgage, wemlo Read More »
The Mortgage Bankers Association (MBA)’s Builder Application Survey data for July 2025, released on Monday, shows that mortgage applications for new-home purchases increased 6.8% compared from a year ago. Compared to June 2025, applications increased by 7%. This change does not include any adjustment for typical seasonal patterns. “Purchase activity for new homes strengthened in
New-home purchase mortgage demand kept growing in July Read More »
Florida homebuyers are facing the same affordability challenges that other housing markets are grappling with, but with added regulatory hurdles if they want to buy a condo. The Florida Association of Mortgage Professionals (FAMP), which is hosting its annual convention this week in Orlando, is addressing those challenges head-on, looking to improve the Florida housing market
The Florida Association of Mortgage Professionals pushes for condo guideline changes Read More »
In the debate over whether Fannie Mae and Freddie Mac should merge, the Mortgage Bankers Association (MBA) has remained consistent: “We don’t think that would be a good idea,” chief economist Mike Fratantoni said. The trade group supports a stock offering that preserves stability in the secondary mortgage market while advocating for privatization with an
MBA opposes GSE merger, supports explicit government guarantee Read More »
Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Read on for a rundown of speakers who shared expert insight at this past week’s HousingWire AI Summit in Dallas. Talk ranged from use of “digital twins” among eXp Realty executives to artificial
Tech Pulse: AI Summit delves deep on housing industry impacts Read More »