A trade group representing private lenders has created a database to identify high-risk counterparties prior to funding real estate loans. The National Private Lenders Association has launched the NPLA Watchlist to help real estate lenders, brokers and service providers spot individuals or entities that may warrant caution — or even avoidance — in order to […]
Private credit organization starts counterparty watchlist Read More »
Planet Financial Group grew its production volume by 64% and its mortgage servicing portfolio by 28% year-over-year in the third quarter, as its portfolio retention unit reported record lock volumes in September, a strong month for refinances in the industry. The privately held company did not disclose any profit or loss data. As a group,
Planet’s Home Lending outpaces mortgage industry in 3Q Read More »
U.S. Federal Housing is boosting the conforming loan limits by 3.26% for 2026 based on the annual change in home prices using an expanded data set. The new limit of $832,750, is an increase of $26,250 from the 2025 limit of $806,500. The high-cost ceiling for one-unit properties will be $1,249,125, which is 150% of
U.S. Federal Housing raises 2026 conforming limits over 3% Read More »
The mortgage industry is up in arms about price increases for credit score pulls. “By now, half the mortgage industry has seen the proposed increases for accessing consumer credit,” a LinkedIn post from NFM Lending Managing Director Greg Sher said. “It’s anywhere from 40-100% – this is on the heels of 700% increases over the
MBA objects to credit report price hike, wants single pull Read More »
Foreign buyers and local investors continue to play a critical role in the U.S. housing market, pushing ahead with purchases and refinances despite rising costs, shifting politics, and slower returns. For mortgage lenders, these buyers represent a growing business opportunity. Investor ownership of residential real estate has long been a contentious topic, with some blaming
Today’s investor property loan opportunity for lenders Read More »
This has been a year of contradictions for mortgage lending. Rates remain elevated, inventory is scarce, origination volumes are weak — yet one segment of the market continues to surge. Non-QM isn’t simply performing well in a difficult environment; it has become the unexpected center of gravity for the entire industry. At MBA Annual and
Why non-QM underwriting is guiding mortgage lending’s future Read More »
Rocket Mortgage has come out with a debt service coverage ratio product in both its wholesale and retail channels, joining a rather competitive landscape of both non-qualified mortgage specialists and more traditional lenders like its rival United Wholesale Mortgage, that already serve investors looking to finance rental properties. Another recent entrant with a suite of
Rocket latest lender to add debt service coverage mortgages Read More »
High prices, tight affordability and general uncertainty continue to hold back would-be buyers. Redfin estimates that there approximately 500,000 more sellers are active in the market than buyers, giving the few active buyers more leverage on price and concessions. “Homebuying activity has stabilized at below-normal levels,” said Asad Khan, Redfin senior economist. “Many would-be homebuyers
Uneven signals mark a housing market stuck in neutral Read More »
Independent mortgage bankers reported a second consecutive quarter of profits on their loan production, helped by the September rate drop and surge in application volume, the Mortgage Bankers Association said. Between originations and servicing income, roughly 85% of the 325 companies which participated in the Quarterly Mortgage Bankers Performance Report were profitable. “After a series
Loan profits improve for IMBs in 3Q Read More »
The share of mortgage with critical defects rose for the second straight quarter as more borrowers tapped home equity through cash-out refinances. That’s according to ACES Quality Management‘s QC Industry Trends Report for the second quarter of 2025. The report, which was released Tuesday and analyzes post-closing quality control data derived from the company’s software,
Mortgage defects are growing in prominence Read More »