The Consumer Financial Protection Bureau (CFPB), which is undergoing significant changes under the Trump administration, has rescinded 67 guidance documents issued since 2011, including several that affect the mortgage industry.
Let’s cut through the noise: The mortgage market isn’t changing; it’s already changed. Volatility is the norm, margins are squeezed within an inch of viability and borrowers expect a frictionless experience every time. If your entire business still revolves around purchase and refinance, you’re not just playing catch-up, you’re being left behind.
Bidding wars for producing mortgage loan officers are back with a vengeance — and it’s largely in the hopes of capitalizing on an upcoming refinance wave, recruiters and executives tell HousingWire.
The mortgage market might still be sluggish, but for originators willing to look beyond the traditional, there’s real momentum building in the non-QM space. Tom Davis, Chief Sales Officer at Deephaven, is helping lead that charge — working with sales teams across the country to grow not just volume, but trust. In this conversation, Davis breaks down the surge in demand for second liens, DSCR loans, and alternative income documentation — and why originators who lean in now are setting themselves up for long-term success.
It’s probably too early to get excited, but several lenders reported that mortgage demand climbed to 2022 levels this week.
State lawmakers in New York have introduced legislation that would block mortgage lenders from receiving title insurance payouts when real estate transactions are later found to be based on stolen deeds.
S.B. 7732 was introduced May 2 and seeks to prohibit title insurers from compensating lenders for losses tied to transactions deemed “false or fraudulent.”
While awaiting Senate confirmation to lead the Consumer Financial Protection Bureau (CFPB), Jonathan McKernan was nominated by President Donald Trump for a key role at the U.S. Department of the Treasury, according to Treasury Secretary Scott Bessent.
According to Law360, a spokesperson for the White House later confirmed that McKernan’s nomination with the CFPB will not proceed.
Blend Labs, Inc. reported its Q1 2025 earnings Thursday, touting a turnaround as its financial losses narrowed, deal pipeline strengthened and it landed major clients while sharpening its focus to become “software-first.”
New York Attorney General Letitia James is the target of a criminal investigation related to mortgage fraud, following a referral by Federal Housing Finance Agency (FHFA) Director Bill Pulte, multiple news outlets reported Thursday.
The expense associated with originating mortgage loans has been escalating, with the current average cost approximating $11,600 per loan. A substantial component of this expense is attributed to Loan Officer Compensation (LO Comp), which typically constitutes 1% to 2% of the loan amount and represents nearly half of the total origination cost. This heightened compensation framework is primarily propelled by the considerable cost of lead acquisition, further aggravated by the lower conversion rate of leads.
| Older Posts |