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First American Title co-president abruptly departs

Career moves, Originations, Title insurance, Underwriting /

Kevin Wall, co-president of First American Title Insurance Co., has abruptly exited his role from the largest individual underwriter in the nation, the company confirmed. His departure was first reported by Inside Mortgage Finance. Wall also headed up the company’s Agent/Lender Group, which consists of the Agency, Mortgage Solutions, Docutech, First American India, Servicemac and […]

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New-home sales drop by most since 2022 on poor affordability

Housing Inventory, Housing markets, Originations /

US purchases of new homes fell in May by the most in almost three years as rampant sales incentives fell short of alleviating affordability constraints. Sales of new single-family homes decreased 13.7% to a 623,000 annualized rate last month, a seven-month low, according to government data released Wednesday. That was below all estimates in a

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Rocket introduces buy-before-you-sell bridge financing

Housing markets, Industry News, LOAN PRODUCTS, Originations, Rocket Mortgage /

Rocket Mortgage unveiled a new equity-backed financing product aimed at giving homebuyers an advantage when vying for homes in competitive markets. The Detroit-based lender’s new bridge loan offers prospective buyers the opportunity to draw into their accrued equity to put down an offer on a new purchase while still living in their existing property. Borrowers

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FICO adds BNPL data to credit-scoring models

Credit, Credit scores, Originations, Underwriting /

FICO has updated its latest credit score models to include buy now, pay later data, showing how important this pandemic-era tool has become in the overall consumer debt market. The credit score algorithm provider has introduced the capabilities in FICO Score 10 BNPL and FICO Score 10T BNPL. “Our clients tell us that FICO’s initiative

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Home resales stay sluggish on affordability constraints

Housing Inventory, Housing markets, Originations /

US previously owned home sales rose slightly in May to a still-sluggish pace that continues to show a housing market constrained by poor affordability. Contract closings increased 0.8% to an annualized rate of 4.03 million last month, just the second advance this year, according to data released Monday by the National Association of Realtors. That

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How to guide military PCS clients through home financing

Housing markets, LOAN PRODUCTS, Originations, The VA, Underwriting /

For many career servicemembers in the U.S. military, relocation is part of the job. Known as a Permanent Change of Station, these reassignments typically happen every two to four years and often involve moving an entire household: spouse, kids, pets and all. This is where lenders and real estate agents can play a critical role

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Mortgage pros share tips for riding out volatility

Capital markets, Mortgage Rates, Originations, Politics and policy, Regulation and compliance, Risk management /

Short-term market swings are nothing new but the kind of volatility mortgage lenders are dealing with today is driven less by predictable economic indicators and more by geopolitical tensions, trade policy shifts, and global headlines. While volatility has ticked up, it’s not at historic extremes. The CBOE Volatility Index, which measures stress in financial markets,

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Mortgage servicers benefit most from Fed’s inaction: KBW

Economy, Housing markets, MARKETING TO BORROWERS, Mortgage Rates, Originations, Servicing /

In the aftermath of the Federal Open Market Committee’s June meeting, certain interest rate spreads should narrow, but the overall impact for mortgages is mixed, a Keefe, Bruyette & Woods report said. Part of that depends on which segment of the industry the company operates in. Mortgage rates remaining elevated, with the 30-year fixed only

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High home prices hide broader slowdown as demand drops

Economy, Homebuilders, Housing markets, Originations /

Home prices continued to rise in May, reaching a new high even as fears of tariffs, trade wars, and economic uncertainty swirl through the broader economy. The median sale price for a home reached an all-time record of $396,500 during the four weeks ending June 15, according to Redfin. This was up 1% from the

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Home flipping bears less fruit for investors in Q1

Housing markets, Originations, Real estate investments /

Flipping homes is becoming a less profitable business venture for investors, an Attom Data Solutions report finds. The return on investment for fix-and-flip properties dipped to 25% in the first quarter of 2025, down from 28% the previous quarter. In the fall of 2020, the ROI on flipping homes was 48.8%, per the data vendor.

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