Mortgage lenders and prospective borrowers looking for relief from high interest rates will need to wait longer. In a widely expected decision on Wednesday, the Federal Reserve kept rates steady at a range of 4.25% to 4.5% following its two-day meeting.
Agile Group Realty CEO Matthew Brookens had an idea for how to jump start the company’s business by tweaking its business model — and it worked.
Formed initially as an agent team in South Florida, the brokerage launched in 2022 as Agile. It began by offering agents a traditional split. But seeing an opportunity to take its agent-centric approach to the next level, the company made changes.
Geoff Black spoke to a former client last week who was looking to purchase a newly built home. She was a “responsible” borrower but made a mistake: she had lost track of her student loan payments and was 60 days late.
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2025 Women of Influence Award are open now through May 31, 2025. Click here to nominate.
In 2025, despite a lot of negative economic headlines, mortgage purchase application data has shown positive year-over-year growth for 14 consecutive weeks. In today’s MBA purchase application survey, this data reflected an 11% increase week over week and a 13% increase year over year, indicating resilient market performance.
Mortgage applications increased 11% from one week earlier amid a decline in rates, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending May 2, 2025.
The index increased 12% on an unadjusted basis compared with the previous week.
As employees of the Consumer Financial Protection Bureau (CFPB) sit in home offices awaiting news of their fate, the enforcement landscape has already shifted to state regulators. And if Craig Ungaro’s experience is any indication, the dynamic will pose a very different challenge for independent mortgage banks.
We all know what we need to do to grow our business. It’s about making meaningful connections and creating a network of people who know, like, and trust you—not just as a loan officer, but more importantly, as a person.
Sounds easy enough. But how do you actually build that network?
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