Origination

Christopher J. Gallo, formerly of NJ Lenders Corp., generated billions of dollars in loan volume over a five-year stretch that prosecutors scrutinized.

The Wall Street Journal reported federal whistleblower allegations exist, citing unnamed sources and viewed documents, but the firm said it has seen no proof.

The homebuilder's net income for the second quarter was half of what it was a year ago but a seasonal lift improved results relative to the first quarter.

Fintech GoodLeap is buying homeowner relationships for renovation loans with rewards and originators competing on rate alone may be behind.

The 30-year fixed rate mortgage is at its highest point in 51 weeks with a divergence in forecasts for what happens between now and the end of the year.

Earlier in the day, the company confirmed it made staffing reductions as it aligns its cost structure with its technology investments to help operations.

While buyers' leverage now spans 41 of the 50 largest metros, starter-home sales fell 5.4% amid affordability concerns.

Economic uncertainty is turning into 2026's defining theme that dictates housing market trends, according to over one-third of lenders surveyed by HomeLight.

Treasury yields shifted after the Federal Reserve kept interest rates steady, pushing bond traders to pare back their expectations for a hike in September.

Seasonal gains fueled the highest dollar volume of loans acquired since the third quarter of 2022, suggesting lenders are getting business from homebuyers.