Scaling from Freelancer to Business Owner

The former CEO of the Broker Action Coalition left that post after 10 months following that group's split from the Association of Independent Mortgage Experts. View the full article

Sean Desmond, the new CEO of nCino, hinted at some of the products under development in an interview with American Banker. View the full article

The Federal Home Loan Bank called the transition to special policy advisor a joint decision between the executive and board as new reviews in Washington start. View the full article

Mortgage rates declined by one basis point this week, not enough to change the equation to bring consumers back into the housing market, Freddie Mac said. View the full article

Close to 88% of all homeowners reported staying in the same home year-over-year compared to 85.1% reported a decade ago, per U.S. Census data. View the full article

The wholesale and non qm lender said it's placed Serene Vernon on administrative leave and elevated capital markets officer John Hamel to the role of president. View the full article

Contract signings fell 5.5% to 74.2 in December, according to a National Association of Realtors index released Thursday. View the full article

The regulator has a projected fiscal year 2025 budget of $810 million, according to a nonpartisan analysis. View the full article

Consumers seeking jumbo home loans last week encountered the same 7.02% average contract interest rate as 30-year confirming loan borrowers. View the full article

The acquisition of Mann Mortgage in 2024 gave Synergy the foundation and knowledge base to launch a homebuilder division, its CEO said. View the full article

Beeline's product division, dubbed Beeline Labs, will be rolling out an AI-powered quality control product for mortgage lenders. View the full article

Inflation-adjusted gross domestic product increased an annualized 2.3% in the fourth quarter after rising 3.1% in the prior three-month period, according to the government's initial estimate published Thursday. View the full article

The $300 million strong team brings with it two top producers in the state. View the full article

The financial services unit also made a categorization change that revised comparisons to prior periods and will be working with its REIT affiliate in new ways. View the full article

"Anything that is done around a safe and sound release is going to hinge on the effect of long-term mortgage rates," Bessent said. View the full article

Russell Vought, should he be confirmed by the full Senate, would join a short list of those able to lead the CFPB, as his predecessor Mick Mulvaney did, per the requirements of the Vacancies Act. View the full article

The Long Island-based company, which is in the middle of a makeover, saw its stock price rise sharply after reporting a net loss that was less than what analysts expected. View the full article

While it is still early to see the full impact on delinquencies, 5% fewer borrowers in these areas made their monthly mortgage payment by Jan. 17. View the full article

Nations Lending claims two former branch managers diverted business to CMG Financial before leaving to their new place of employment. View the full article

Members whose districts include Altadena and Pacific Palisades are behind the measure, which calls for an initial 180-day forbearance period. View the full article

Allegations of gender discrimination and improper loan origination practices against LoanDepot were dismissed on Feb. 7. View the full article

Mortgage lenders still need to monetize mortgage servicing rights quickly amid the sluggish housing market, representing more opportunities for the firm. View the full article