Non-QM lender Acra Lending announced on Monday the appointment of Shawn Stone as chief executive officer. Stone succeeds Keith Lind, who transitions to Chairman of the Board. Stone, who brings over 25 years of executive experience in financial services to the role, most recently was CEO and board member at LendingPoint, an Atlanta-based online loan […]
Acra Lending appoints Shawn Stone new CEO Read More »
Guild Holdings Co., the parent company of Guild Mortgage, returned to profitability in the second quarter and posted a sharp rise in refinance recapture ahead of its proposed $1.3 billion sale to Bayview Asset Management. Guild reported net income of $18.7 million for the quarter, reversing a $23.9 million loss in Q1. Adjusted net income
Guild’s profit rebound and rising refi recapture bolster Bayview bid Read More »
The second quarter of 2025 was a bit of a mixed bag for the title insurance industry’s four largest players, which the “Big Four” attributed to a variety of factors including slower housing market conditions, legal expenses and weaker performances from their non-title segments. Stewart posts strong financial results The smallest of the Big Four,
Title’s Big Four post mixed-bag Q2 2025 results Read More »
A growing number of U.S. homeowners are finding their only property insurance option is their state’s last-resort program, according to a new report from the National Resources Defense Council (NDRC). Data shows extreme weather driving private insurers from high-risk areas and forcing premiums higher for everyone else. Last resort programs — known as Fair Access
Experts warn of ‘cycle of doom’ for last resort home insurance Read More »
The fix-and-flip market is showing signs of weakening, according to a Q2 2025 Fix-and-Flip market survey from Kiavi and John Burns Research & Consulting, released on August 7. The Burns and Kiavi Fix and Flip Market Index (FFMI) is based on a quarterly survey of about 400 fix-and-flippers nationwide. The index scale ranges from 0
Fix-and-flip market struggles in Q2 due to labor, material challenges Read More »
In tandem with its Q2 2025 earnings release, Blend Labs, Inc. announced that Jason Ream will join as the company’s Head of Finance and Administration. Ream, who has over 25 years of experience as a financial and operating leader in technology and software, previously served as the CFO of two public companies, SailPoint Technologies Holdings,
Blend Labs narrows Q2 losses, announces new head of finance Read More »
On Saturday, President Donald Trump shared an AI-generated image on Truth Social showing himself at the New York Stock Exchange with the phrases “MAGA LISTED NYSE” and “The Great American Mortgage Corporation,” dated November 2025. The post appeared to reference a Wall Street Journal report from Friday outlining Trump’s plan to make a stock offering
Fannie, Freddie merger buzz draws mixed market response Read More »
A pool of residential mortgages, a substantial amount of which are not subject to ability-to-repay rules or had been modified several years ago, will provide collateral for $263.9 million in residential mortgage-backed securities (RMBS) from the PRPM 2025-RCF4 deal. Some 16.2% of the loans in the collateral pool have been modified. In the case of
PRPM’s mortgage assets support $263.9 million in RMBS Read More »
Al Drago/Bloomberg The Consumer Financial Protection Bureau is proposing reducing supervision of all but the largest nonbanks in four key markets: auto financing, consumer credit reporting, debt collection and international money transfers. The move aligns with the bureau’s new priorities of reducing regulations, slashing staff and cutting funding. Acting CFPB Director Russell Vought on Friday
CFPB proposes a rule change to cut nonbank supervision Read More »
The average top tier 30yr fixed rate held exceptionally steady last week after moving just a bit lower over the weekend. By comparison, today’s rates are much closer to Friday’s latest levels and still very close to the lowest we’ve seen since October, 2024. If the two key economic considerations for interest rates are jobs
Mortgage Rates Steady Ahead of High Stakes Inflation Report Read More »