When industry experts think about what could lead to a significant departure of loan officers and real estate agents, two main things come to mind:  AI and market conditions. Although AI and market conditions will have some level of impact, a much bigger game-changer is coming to the industry. It is the rise of the educated homebuyer, which is now in its infancy but will become the new norm within the next ten years.  

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Movement Mortgage, a top-25 U.S. mortgage lender, is close to resolving a two-year legal battle with rival Summit Funding, its founder and president Todd Scrima, and several former employees who transitioned to the competitor.

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Having telegraphed its impending end last month, the Veteran Affairs Servicing Purchase (VASP) program — which attempts to prevent foreclosure actions against military members who may be experiencing financial hardship due to the consequences of the COVID-19 pandemic — is officially over as of Thursday.

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Sagent, a Warburg Pincus-backed fintech firm, on Thursday announced the launch of its Dara Attorney Portal to enhance efficiency between servicers and their attorney partners.

The launch this week builds upon the original launch of Sagent’s mortgage software platform, Dara, in February 2024 at the MBA servicing conference.

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Recognizing the rising prevalence of phishing scams — where a bad actor will seek to trick a target into revealing sensitive personal or financial information through fake websites, emails or text messages — the Federal Housing Administration (FHA) has announced it is implementing anti-phishing multifactor authentication (MFA) into FHA Catalyst (FHAC).

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Mark McArdle, who left the Consumer Finance Protection Bureau (CFPB) in February, will lead regulatory and public policy efforts at Newrez, the multichannel mortgage lender owned by Rithm Capital. 

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Freddie Mac announced Thursday that it earned net income of $2.8 billion in the first quarter of 2025, a 1% annual increase.

The government-sponsored enterprise (GSE) also posted net revenues of $5.9 billion from January through March, an increase of 2% year over year, which the company said was primarily driven by higher net interest income and partially offset by lower non-interest income.

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