New York-based Rithm Capital has changed the compensation package of its top executive, Michael Nierenberg, by reducing his annual base salary, bonus and time-based equity award. But the company also increased the performance-based share of the total equity award.As a result, Nierenberg’s target ann

Mortgage capital markets tech firm Polly announced its application programming interface (API) integration with CoreLogic, which will enable lenders to streamline the digital mortgage process.Polly’s product and pricing engine (PPE) was built with an API-adjacent product strategy, which can create o

Fifth Third Bank, an Ohio-based regional bank, moved its origination and servicing operations to Intercontinental Exchange (ICE) Mortgage Technology’s end-to-end mortgage technology ecosystem, the companies announced on Tuesday.The bank will rely on ICE’s loan origination and servicing platforms, En

Republican members of the U.S. House of Representatives have voiced their concerns to the Federal Housing Finance Agency (FHFA) about a pilot program that will eliminate title insurance requirements for some refinance loans purchased by Fannie Mae and Freddie Mac.In a letter dated March 15, members

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.As an agent, you’re always looking for high-quality, exclusive leads — and especially during current market conditions. One of the most efficient ways to bui

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Want to close more deals? Then you can’t rely solely on your sphere of influence and networking to meet new clients and build your pipeline. Our team of expe

As we started 2024, the signals in the U.S. real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if mortgage rates stayed flat, the momentum seemed to be in the cards for broad, slow growth in the market. However, mortgage

The Federal Housing Administration (FHA) announced on Monday that it has raised lending limits for its Title I Manufactured Home Loan Program, a move designed to align the FHA with market forces and to encourage more lenders to participate in the program as the Biden administration makes a renewed p

As part of the budget request submitted to Congress by President Joe Biden and the White House, the U.S. Department of Housing and Urban Development (HUD) detailed some of its hopes for Ginnie Mae. This includes an increase to its 2025 budget authority that, in part, will go toward management of the

In the 24 hours after news broke of the National Association of Realtors’ (NAR) settlement agreement in the commission lawsuits, Doug Danzey, the leader of the eXp Realty-brokered teamerage The Cobalt Group, said the most pervasive emotion among his agents has been panic.“I don’t think they really u

Lennar Mortgage, a financial services subsidiary of Lennar Corp., will move its servicing operations to the industry-leading MSP loan servicing system from ICE Mortgage Technology, ICE announced on Monday. With Lennar already leveraging ICE’s loan origination system, Encompass, the company will bene

Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday. The newly released tools are designed to complement other ICE tools, including automated valuation

Digital lender Better.com launched its One Day Home Equity Line of Credit (HELOC) product that will provide approval decisions to consumers within 24 hours of locking their interest rate. Better launched its first HELOC product about a year ago. The One Day HELOC product is the latest upgraded versi

Nevada-headquartered wholesale lender Nations Direct Mortgage revealed that an unauthorized third party obtained access to the data of more than 83,000 customers on or about Dec. 30, 2023, the lender disclosed on March 14 in a notice shared with the Office of the Maine Attorney General.An investigat

It’s spring 2024 and we have a Federal Reserve meeting this week. The 10-year yield is at the same critical point as last year before the Fed went hawkish and sent mortgage rates to 8% and the 10-year yield to 5%. Could this happen again? This is the week the balls are all in the Federal Reserve’s c

The National Association of Realtors (NAR) settlement of commission lawsuits nationwide is expected to force mortgage lenders and loan officers to find new ways of approaching listing agents and borrowers, give LOs a more significant role in the home-buying process, and encourage housing professiona

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green, was not one of them.“It’s been evi

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias.Peskin spoke to RMD about the move. He shed

Prospective homebuyers have more options to choose from in the housing market, which could help spur sales this spring. Mortgage demand has been on the rise for two weeks in a row.Inventory has been trending upward for the last two years despite persistently high mortgage rates, Mike Simonsen, presi

Homeowners 62 and older saw their collective home equity levels drop in the fourth quarter of 2023 by roughly $119 billion to $12.84 trillion, the third quarterly fall in the last year.This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity from the Nation