June 2025

Traditional QC risks are declining, but lenders now face mounting exposures in fraud, insurance gaps and compliance volatility. The mortgage industry’s quality control risk landscape is shifting dramatically. Traditional defect categories such as income and employment and credit are seeing historic declines, while once-marginal issues like insurance gaps and fraud are now taking center stage. […]

With mortgage rates still hovering near multi-decade highs, homeowners are opting to hold onto their ultra-low first mortgages. Instead of refinancing, they’re tapping into their equity through home equity loans and HELOCs to finance renovations, cover tuition, or consolidate high-interest debt.  Lenders are stepping up with a broader menu of second-lien products to meet this

Rhode Island real estate professionals are criticizing two new taxes that will increase costs for Ocean State homeowners, including a levy dubbed the “Taylor Swift tax.”  State lawmakers last week approved a $14 billion fiscal year 2026 budget, which now awaits Gov. Dan McKee’s signature. Included in the proposed budget is a 63% increase in