LendingLife

Armando Falcon on the FHFA’s move toward crypto mortgages

Bill Pulte, Cryptocurrency, Fannie Mae, FHFA, Freddie Mac, HWmember, LendingLife, Mortgage, Origination, Technology / Ricky Vasquez

It’s been just over a week since Federal Housing Finance Agency (FHFA) Director Bill Pulte directed Fannie Mae and Freddie Mac to start preparing for the use of cryptocurrency in single-family mortgages. With limited guidance beyond the FHFA’s directive, mortgage originators and industry experts are working to assess how cryptocurrency could be applied to mortgages. […]

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Cornerstone Capital Bank, Tresidio Homes announce joint venture

HWmember, Idaho, LendingLife, Mortgage, Mortgage Broker, Origination, Partnerships / Ricky Vasquez

Cornerstone Capital Bank and Tresidio Homes on Thursday announced the launch of Table Rock Mortgage, a joint venture mortgage brokerage. The new Idaho-licensed brokerage will provide mortgage services to local homebuyers “with goals of promoting affordability and streamlining the mortgage process for homebuyers,” according to press release from the companies. “This joint venture brings together

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Stable mortgage rate environment reshapes how LOs engage with borrowers

Federal Reserve, First-Time Homebuyers, Homebuyers, HWmember, LendingLife, Loan Officer, Mortgage, Mortgage Rates, Origination, Refinancing / Ricky Vasquez

Analysts, economists and mortgage professionals are coining this quarter’s activity as one of the most “calm” periods for mortgage rates in recent memory. It follows nearly three years of borrowers being sidelined by higher rates or “stuck” in loans with historically low rates. BTIG analysts said Wednesday that despite Treasury volatility in April, mortgage rates

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Powell: Fed is reviewing Basel III, supplemental leverage ratio rules

basel III, Congress, Federal Reserve, HWmember, Jerome Powell, LendingLife, Mortgage, Regulatory, Regulatory Compliance / Ricky Vasquez

During a second straight day of testimony on Capitol Hill, Federal Reserve Chair Jerome Powell said the central bank is reviewing the Basel III rules (also known as the “Basel Endgame”), which would significantly increase bank capital requirements and could impact the mortgage industry, if implemented. Powell’s statement comes as the Fed prepares to vote

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House passes abusive trigger leads ban

HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Origination, Regulatory, U.S. House of Representatives / Ricky Vasquez

The U.S. House of Representatives unanimously passed the Homebuyers Privacy Protection Act (H.R. 2808) late Monday, bringing a national ban on abusive trigger leads one step closer to reality. The move was widely applauded by mortgage trade groups. The House’s action follows the U.S. Senate’s approval of a similar bill (S. 1467) on June 13.

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FICO to add Buy Now, Pay Later data to credit scores

Credit Score, FICO, HWmember, LendingLife, Mortgage, Origination / Ricky Vasquez

Fair Isaac Corp. (FICO) will incorporate Buy Now, Pay Later (BNPL) data into two of its credit scores set to launch in Fall 2025. The company, which owns the rights to the market’s most widely adopted consumer credit risk assessment methodology, announced the move on Monday. The change will provide mortgage brokers, loan officers and

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Fed holds rates steady amid inflation concerns, resilient job market

Employment, Federal Reserve, HWmember, Inflation, Jerome Powell, LendingLife, Mortgage, Mortgage Rates, Regulatory / Ricky Vasquez

The Federal Reserve held benchmark rates steady in the range of 4.25% to 4.5% following its two-day meeting on Wednesday, a decision with implications for the mortgage industry. The move, expected by virtually all monetary policy watchers, underscores the challenge facing the Federal Reserve — deciding when it’s appropriate to cut rates. It’s a delicate

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MBA, FHFA explore single credit report for mortgages

credit report, Federal Housing Finance Agency, Government Lending, GSE Reform, GSEs, HWmember, LendingLife, Mortgage, Mortgage Bankers Association / Ricky Vasquez

While the Federal Housing Finance Agency (FHFA) under President Joe Biden proposed a transition from a tri-merge to a bi-merge credit report system, the Mortgage Bankers Association (MBA) is now assessing the feasibility of moving to a single credit report for mortgage underwriting. Bob Broeksmit, president and CEO of the MBA, wrote in a blog

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How midsize lenders are surviving the mortgage squeeze

AnnieMac, Earnings, HWmember, Lenders, LendingLife, Mortgage, Origination, Plaza Home Mortgage, Retail Lending, Wholesale Lending / Ricky Vasquez

Mortgage veteran Glenn Stearns is taking a different approach with his latest venture. Kind Lending, a national wholesale mortgage lender and his second brainchild, is built on lean operations and a focus on efficiency — a contrast with his first company, Stearns Lending, which filed for Chapter 11 bankruptcy in 2019. “This is not our

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UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lending

Artificial Intelligence, HWmember, LendingLife, Mortgage, Technology, The Gathering, The Gathering 2025, United Wholesale Mortgage / Ricky Vasquez

Discussions about the impact of artificial intelligence (AI) have dominated conversations on stage at HousingWire‘s The Gathering. But there seems to be little common ground as some lenders are excited for the chance to scale their businesses to new heights by taking away menial tasks, while others are concerned about information security and job insecurity.

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Armando Falcon on the FHFA’s move toward crypto mortgages

Cornerstone Capital Bank, Tresidio Homes announce joint venture

Stable mortgage rate environment reshapes how LOs engage with borrowers

Powell: Fed is reviewing Basel III, supplemental leverage ratio rules

House passes abusive trigger leads ban

FICO to add Buy Now, Pay Later data to credit scores

Fed holds rates steady amid inflation concerns, resilient job market

MBA, FHFA explore single credit report for mortgages

How midsize lenders are surviving the mortgage squeeze

UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lending

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