ICE Mortgage Technology is putting off the planned sunset of the Encompass SDK system, according to a memo provided by the company to National Mortgage News. SDK is shorthand for software development kit. It, along with certain other legacy systems, were supposed to go away on Oct. 31. ICE first announced the transition in September […]
ICE Mortgage Technology pushes SDK sunset to end of 2026 Read More »
Ask any real estate expert about the most important factor in buying a home, and you’ll hear the same thing: location, location, location. It’s a cliché because it’s true — and for today’s first-time buyers, it’s also one of the biggest hurdles. Finding a place that checks the boxes for lifestyle and amenities while staying
10 best US real estate markets for first-time homebuyers in 2025 Read More »
A possible shift in the composition of the Federal Reserve’s portfolio of Treasury holdings could result in the central bank buying nearly $2 trillion of bills over the next two years, enough to absorb nearly all of the Treasury’s issuance during that period, according to Bank of America Corp. Strategists Mark Cabana and Katie Craig
Fed portfolio shift could hand Treasury $2 trillion, BofA Says Read More »
Federal legislation banning traditional mortgage trigger leads has cleared the Senate and is likely to be signed into law in the coming weeks. When that happens, lenders will lose a familiar — and often crowded — way to identify borrowers after a credit pull. For some, that will feel like losing a trusted tool overnight.
With trigger leads going away, lenders who prepare will win Read More »
Luke Sharrett/Bloomberg The ongoing tariff-impacted rise of material and service prices, alongside challenging credit conditions, are a double whammy hitting residential construction, according to analysis from the National Association of Home Builders. Prices for goods and services used in residential construction came in 2.8% higher in July on an annual basis, marking the largest increase
Homebuilders encounter credit, supply cost headwinds Read More »
Andrew Harrer/Bloomberg Two consumer groups are urging Federal Housing Finance Agency Director William J. Pulte to abandon his directive that Fannie Mae and Freddie Mac explore counting cryptocurrency holdings as reserves in single-family mortgage underwriting. In a letter sent Thursday, the Consumer Federation of America and the National Consumer Law Center said the move, which
Consumer groups urge FHFA not to mix crypto with mortgages Read More »
Russ Vought, acting director of the Consumer Financial Protection Bureau, is also the director of the Office of Management and Budget.Al Drago/Bloomberg In a major win for the Trump administration, a federal appeals court on Friday ruled against the Consumer Financial Protection Bureau’s union, allowing the bureau’s acting Director Russel Vought to fire up to
DC Circuit panel lets Trump administration fire CFPB staff Read More »
News that Opendoor CEO Carrie Wheeler is leaving the company boosted the company’s stock price to its third-highest level since the run-up began at the start of July. The announcement was made before trading started on Friday morning. When the markets did open, Opendoor began the day at $3.415 per share and in early trading
Opendoor CEO Carrie Wheeler exits the meme stock darling Read More »
Lenders looking to cut costs are more willing to lay off their back office staff than slash other business expenses, according to a new Fannie Mae survey. While cost-cutting wasn’t firms’ top business priority, more senior mortgage executives placed prospective layoffs above trimming general and administrative expenses. The findings in the Mortgage Lender Sentiment Survey,
How mortgage executives are thinking of layoffs: Fannie Mae Read More »
Mortgage lenders managed to increase origination volumes earlier in 2025 in a still-sluggish housing market at the same time home equity loans grew at their fastest pace in three years, according to Transunion. Originations climbed up 5.1% on an annual basis in this year’s first quarter to just approximately 980,000 loans, according to the latest
Mortgage lenders see signs of 2025 originations growth Read More »