An appellate court has ruled against Flagstar Bank in a California case which had been mentioned in connection with a New York escrow interest case heard by the U.S. Supreme Court. The ruling in Kivett v. Flagstar was the second against a bank in recent weeks. A Sept. 22 First Circuit ruling sent a similar […]
Flagstar mortgage escrow ruling upheld by Ninth Circuit Read More »
The mortgage industry’s top trade group issued two new enhancements to help establish consistency across the loan boarding process as well as in communications surrounding artificial intelligence. The Mortgage Industry Standards Maintenance Organization released its new loan boarding dataset, which provides a consistent data baseline to ease the path for newly originated mortgage loans to
MISMO releases loan data guide and AI glossary Read More »
Key insight: Fed Vice Chair Philip Jefferson described a delicate balancing act, supporting moderate rate cuts to protect jobs while keeping long-term inflation under control. Supporting data: GDP growth slowed to 1.6% in the first half of 2025, and tariffs are nudging prices higher as long-term expectations remain anchored. Forward look: Jefferson emphasized durable inflation
Jefferson signals cautionary stance on tariffs, labor and rate path Read More »
NextHome Front Range has joined West + Main Homes and rebranded as the Front Range Collective team, the companies announced. The move expands West + Main Homes’ footprint in Colorado across Fort Collins and Colorado Springs — providing the team’s 28 agents with additional resources and offices in the Front Range. Front Range Collective said
Top-producing Colorado teams combine forces Read More »
Jobs week ended with an eerie silence, as the government remains shut down and we didn’t receive the last two major reports for the week. Given that job growth has been slowing dramatically this year, it’s time to examine what is really going on. For me, the situation is straightforward: over the past 24 months,
What we know about the labor market, even without Jobs Friday data Read More »
In an effort to nudge older homeowners to tap into their home equity, the reverse mortgage space is expanding beyond federally backed offerings as lenders develop proprietary products with fewer restrictions. The push reflects a confluence of factors: rising home values, inflation, relatively high mortgage rates and a swelling population of Americans nearing or entering
Proprietary reverse loans give younger homeowners more options Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. VantageScore says it’s building the future of credit scoring. But based on our analysis, the foundation it’s building on is shaky at best. Earlier this month, we published a study showing that VantageScore 4.0’s claimed performance gains over Classic FICO are overstated
VantageScore’s ‘future of credit’ rests on shaky math Read More »
Key Insight: Payroll firm ADP showed that employers lost 32,000 jobs in September, but the Bureau of Labor Statistics did not release its scheduled jobs report Friday because of the federal government shutdown. Forward look: The Fed cut rates by 25 basis points in September as a “risk management” move. The absence of a key
Even as shutdown halts BLS data, hiring appears to be slowing Read More »
If you’ve been watching from the sidelines, now’s the time to lean in. It’s officially the best time to buy this year. According to Realtor.com, this October will have the most buyer-friendly conditions of any month in 2025: “By mid-October, buyers across much of the country may finally find the combination of inventory, pricing, and
Why October Is the Best Time To Buy a Home in 2025 Read More »
Mike Kortas wanted to be clear as he announced the company’s rebrand from the stage at NEXA Fest 2025: the company is not going into retail. The name change — from NEXA Mortgage to NEXA Lending — could seem like the prelude to lending in a new channel, but Kortas said it was actually a
NEXA Mortgage rebrands to NEXA Lending, but it’s not a pivot to retail Read More »