Having spent decades navigating the ups and downs of the mortgage industry, I’ve learned that challenging market conditions offer two choices: stand still and hope for improvements or go on the offensive and invest in positioning your company for long-term success. Today’s market represents one of those pivotal moments, with recent data indicating slower home […]
4 steps to take before the next mortgage market shift 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 »
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 »
As the real estate industry prepared for the business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement, one of the biggest questions was how the changes would impact veteran homebuyers wishing to use their loan benefit from the U.S. Department of Veterans Affairs (VA). The NAR settlement requires
VA loan homebuyers navigate NAR settlement with ease 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 »
Several senior executives in Better’s control and finance teams, including chief financial officer Kevin Ryan, have taken additional jobs or left the company as it navigates financial pressures, according to public announcements and updates to social media profiles. In July, Ryan also joined investment bank Houlihan Lokey as a managing director in its capital solutions
Better’s Kevin Ryan adds Houlihan Lokey role amid executive shake-up Read More »
No one likes waiting to get into the home of their dreams. While many prospective homeowners have been biding their time for weeks, months, even years waiting for the market to shift, many challenges aren’t going away — especially the burden of saving thousands of dollars for a down payment. Fortunately, if you’re an independent
How UWM is shrinking the down payment barrier Read More »
With homeowners seeking low-cost, flexible ways to tap their equity in today’s high-rate environment, HELOCs have become one of the most attractive loan options on the market. Homebridge Financial Services is seizing that opportunity with NFTYDoor, a fully digital HELOC platform that delivers instant decisions through real-time credit scoring, AVM valuations, automated income and title
Inside Homebridge’s NFTYDoor: Bringing instant approvals to the HELOC market Read More »
A small fish in the pond of fintech-focused mortgage companies is trying to race to the front in the artificial intelligence arms race. And it’s not using a typical ChatGPT-style program either. Future Technologies CEO Blake Bianchi announced on Thursday that the company is launching a full-stack, proprietary AI system that promises to automate the
Future unveils Alpha, an in-house AI mortgage system Read More »