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Exclusive: NFM Lending grows footprint with Homespire Mortgage acquisition

HWmember, Lenders, LendingLife, Maryland, Mergers and Acquisitions, Mortgage, Origination, Retail Lending /

Two Maryland-based retail mortgage lenders struck an M&A deal this week as NFM Lending has agreed to acquire Homespire Mortgage, the companies confirmed on Friday. The financial terms were not disclosed. With the acquisition, Linthicum-based NFM will expand its presence along the East Coast, while Homespire will gain access to new growth opportunities amid a […]

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Longbridge has record quarter for proprietary volume, posts $8.6M profit

Earnings, Ellington Financial, HWmember, LendingLife, Longbridge Financial, Mortgage Servicing, Reverse, Reverse Mortgage Daily /

Ellington Financial reported strong financial performance from its reverse mortgage subsidiary, Longbridge Financial, during its third-quarter earnings call on Thursday. Longbridge posted net income of $8.6 million from July through September — down from the $10.7 million profit it achieved in the second quarter but a continuation of a positive trend after its $1 million

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Guild sees Q3 revenue surge to $307.4M ahead of Bayview transaction

Earnings, Guild Mortgage, HWmember, LendingLife, Mortgage, Mortgage Servicing, Origination /

Guild Holdings Co., the parent company of Guild Mortgage, announced its Q3 2025 earnings on Wednesday afternoon, posting a net revenue of $307.4 million that compared favorably to figures of $279.4 million in Q2 2025 and $159.3 million in Q3 2024. Guild’s net income for the third quarter was $33.3 million, compared to $18.7 million in

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Mortgage industry backs LLPA changes but is divided over priorities

Fannie Mae, FHFA, Freddie Mac, GSEs, HWmember, LendingLife, Mortgage, Origination, Regulatory, Regulatory Compliance /

The mortgage industry largely supports changes to the loan-level price adjustment (LLPA) matrix but remains divided on priorities, with a full overhaul unlikely amid a potential stock offering of Fannie Mae and Freddie Mac.  Two weeks ago, Federal Housing Finance Agency (FHFA) Director Bill Pulte said he had tasked Barry Habib — the MBS Highway

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NEXA Lending promotes Rana Mortensen to CAO

HWmember, LendingLife, Mike Kortas, Mortgage, NEXA Lending, People Movers, Team Leaders /

NEXA Lending announced another change to its C-suite on Tuesday, promoting Rana Mortensen to chief administrative officer. In her new role, Mortensen will oversee the company’s administrative operations across multiple departments — including facilities, human resources, people operations, corporate events and internal communications — while ensuring the execution of NEXA’s strategic vision. NEXA CEO Mike

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FHFA inspector general role vacant after reported ouster of Joe Allen

Bill Pulte, FHFA, HWmember, LendingLife, Mortgage, Regulatory /

The inspector general position at the Federal Housing Finance Agency (FHFA) is currently vacant after the reported ouster of Joe Allen.  Allen, who was appointed as acting inspector general in April 2025, also served as chief counsel for the Office of Inspector General (OIG). It remains unclear when he left the position or whether he continues

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NewDay USA unveils VA loan option that removes closing costs

HWmember, Lenders, LendingLife, Mortgage, Origination, VA Loan, Veterans /

NewDay USA, a national mortgage lender that serves veterans, on Monday announced a new loan offering designed to help veterans and service members buy homes by addressing one of the biggest financial barriers — closing costs. The product, NewDay Home, allows qualifying borrowers with steady employment, strong credit and sufficient income to secure a fully

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Rocket’s integrations of Redfin, Mr. Cooper lift Q3 results above forecasts

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Rocket Companies reported a third-quarter 2025 adjusted net income of $158 million on adjusted revenue of $1.78 billion, exceeding the high end of its guidance range, the Detroit-based mortgage lender said Thursday. On a GAAP basis, the company posted a net loss of $124 million on total revenue of $1.61 billion, up from Q2 2025’s

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Debate heats up around GSEs’ potentially larger role as MBS buyers

Fannie Mae, Federal Reserve, FHFA, Freddie Mac, HWmember, LendingLife, MBS, Mortgage, Mortgage Rates, Regulatory /

Mortgage industry experts are divided over the idea of allowing Fannie Mae and Freddie Mac to increase their purchases of mortgage-backed securities (MBS) in order to reduce mortgage rates, a proposal recently suggested by trade groups.  While the government-sponsored enterprises (GSEs) could create demand quickly amid a reduction in the Federal Reserve’s presence in the

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Chris Planto returns to Rate as VP of mortgage lending

CrossCountry Mortgage, Houston, HWmember, LendingLife, Mortgage, Origination, People Movers, Rate, Team Leaders, Texas /

Top-producing mortgage originator Chris Planto has rejoined Rate as vice president of mortgage lending in the Houston market. Planto returns to Rate from CrossCountry Mortgage, where he most recently served as a senior loan officer. “We are absolutely thrilled to welcome back Chris Planto to our Rate family,” said Todd Heaton, an executive vice president

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