The anticipated impact of tariffs pushed consumers toward big-ticket items in April, but overall borrowing levels also show them becoming more discerning in light of political developments, according to Vantagescore. Researchers noted earlier this year the likelihood of a bump in certain types of purchases before the implementation of various tariff measures proposed by President […]
Tariff fears drive April auto, mortgage borrowing Read More »
Looking to expand its operation on the East Coast, Next Level Education, a provider of continuing education for the mortgage industry, has acquired Summit Mortgage Training. Terms of the deal were not disclosed. Summit is headquartered in Hanover, New Jersey and in addition to its home state, operates in Pennsylvania and Florida. Andrea Gagliardi, who
Next Level Education acquires Summit Mortgage Training Read More »
Home-price gains in the US slowed in March as listings climbed without a corresponding uptick in buyer demand. A national gauge of prices was up 3.4% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That was smaller than the 4% annual increase in February. READ MORE: Mortgage rates keep rising, influenced by
The rise in home prices slowed in March as buyers pulled back Read More »
President Trump’s housing regulators have touted their efforts to dismantle federal diversity, equity and inclusion initiatives in pursuit of reducing spending and waste. As a result, the conversation around mortgage lenders’ efforts to serve communities identified by specific racial or cultural backgrounds have been further politicized, leaving these shops in the awkward position of determining
Mortgage firms reframe DEI amid policy shift Read More »
Publicly traded lender Guild Mortgage’s parent company, Bayview Asset Management, and a servicing-related affiliate are in talks about a potential deal. Bayview said in a filing that in conjunction with the affiliate it is “engaging in friendly preliminary discussions” with Guild “regarding a broader commercial relationship and potential corporate transaction. One possible outcome is “the
Guild Mortgage, Bayview Asset explore servicing M&A Read More »
A loan officer at a credit union, Stephanie Dombrowski, is this year’s Top Producer among women. Dombrowski, who works at Ent Credit Union in Colorado Springs, Colorado, originated $186.5 million last year, followed by Ashley McKenzie of Highlands Residential Mortgage and Nancy Moreland of Brookhollow Mortgage Services. Dombrowski noted that the rising cost of homeowners
The Top 50 Women Producers in 2025 Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. The top five bank lenders included in this ranking had an average mortgage origination volume of more than $43 billion as of the end of the first quarter. A majority of banks saw a decrease in mortgage origination volume between the fourth
20 banks with the largest mortgage origination volume in Q1 Read More »
The 30-year fixed rate mortgage moved 5 basis points higher from last week, but still remains under 7%, at least according to Freddie Mac. “Mortgage rates inched up this week but continue to remain lower than one year ago,” said Sam Khater, Freddie Mac’s chief economist, in a press release. “With more inventory for buyers
Mortgage rates keep rising, influenced by DC developments Read More »
Fitch Ratings is starting to look more closely at depository lending involving nonbank financial institutions, including mortgage firms, as unfunded commitments to NBFIs take on a larger role in portfolios. Unfunded commitments to mortgage credit intermediaries by a group of banks Fitch studied totaled over $255.44 billion as of March 31, up from $202.28 billion
Bank lending to nondepository mortgage firms rising: Fitch Read More »
Frin left to right: Moderator Devin Norales, and panelists Max Slyusarchuk, Jeremy Schneider, Peter Simon and Rudy Orman address the audience at the Mortgage Bankers Association’s Secondary and Capital Markets Conference in New York on May 19, 2025. Politics, marketing and organic growth within the borrowing public are providing momentum to non-qualified mortgage businesses, leading
Non QM reaps benefits from policy, market discipline: execs Read More »
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