Industry News from National Mortgage News

In the New Jersey case, MV Realty and its principals agreed to pay $28 million in fines and restitution for these "Homeowner Benefit Agreements."

Absolute will add Fidelity Digital Mortgage's 55 producing loan officers to its team of roughly 190.

Fortress has been one of the most active home equity investment firms in November, investing $1 billion in Cornerstone.

Non-banks tracked by Morningstar DBRS reported combined net income of $367 million for the third quarter, down from $807 million three months prior.

Saul Van Beurden, Wells Fargo's consumer banking CEO and former head of technology, will lead the way on harnessing artificial intelligence.

Lancaster, Pennsylvania-based Fulton Financial said Monday it will pay $243 million in stock for Blue Foundry Bancorp, which has lost more than $20 million since converting to a public company in 2021.

Luxury home prices rose 5.5% year over year in October to a median $1.28 million, far outgaining the 1.8% increase of nonluxury homes.

Renters can now enroll in CreditClimb through Zillow to have their on-time rent payments reported to the three major credit bureaus.

A combination of factors, including the rise of retail investing and sound assets, propelled ETF formation, with at least four issuances over the past year.

The average loss from the two categories is almost seven times higher than the mean amount for all other types, according to research from ALTA and Milliman.

Independent mortgage bankers were in the black for each loan originated during the third quarter, as low rates brought an application surge in September.

An activist investor is seeking more information on how, and when, the largest bank deal of 2025 came together.

AIME's CEO takes an additional AI leadership role, ALTA elects new president and Revolution, Tidalwave, Visio welcome chief operating officers.

The acquisition agreement is the latest example of merger activity this year focused on the recapture potential held within servicing pipelines.

The fintech had over $2 billion in home equity line of credit volume in the third quarter and reported growing production in its crypto and non-QM offerings.

The lender, which crossed the $1 billion origination mark for the second consecutive quarter, is bullish on several new mortgage partnerships.

Recent merger activity also includes the purchase of an Alabama title company by technology firm Propy, as experts see ongoing consolidation through 2026.

While all six companies were profitable in the third quarter, most had earnings which were down from the prior periods, with MGIC setting a milestone.

More profitable companies are weighing deals because they're bullish on their leverage or are simply eying today's big price tags, the expert said.

All five publicly traded title insurance companies reported a year-over-year increase in earnings during the third quarter, but only two had higher orders.