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VA mortgage partial claim restoration faces timing challenges

Department of Veterans Affairs, Foreclosure, HWmember, LendingLife, Mortgage, Mortgage Servicing, Regulatory, Servicing, Trump administration, U.S. Department of Veterans Affairs, Veterans /

While the mortgage industry has applauded the Trump administration’s push to restore a partial claim option for U.S. Department of Veterans Affairs (VA) loans, many experts warn it may arrive too late to help thousands of struggling borrowers. The program could prevent many defaults and foreclosures, but the implementation timeline is critical, they added. In statement […]

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FTC revisits noncompete rules after Biden-era ban blocked

Federal Trade Commission, HWmember, LendingLife, Mortgage, Regulatory, Regulatory Compliance, Trump administration /

The Federal Trade Commission (FTC) on Thursday issued a public request for information on noncompete agreements as it seeks to identify practices it considers “unfair” and “anticompetitive,” a topic that has drawn attention across the mortgage and real estate industries.  Under the Trump administration, the FTC said it will take a case-by-case approach rather than

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Kimber White’s vision for NAMB: Affordable housing and enhanced mortgage education

Affordability, Continuing Education, HWmember, LendingLife, Mortgage, Mortgage Broker, NAMB, Politics /

Kimber White, the incoming president for the National Association of Mortgage Brokers (NAMB), is taking the reins of the organization on Oct. 1, marking the second time that he’ll be leading the organization. White originally held the role, which is a one-year term, back in 2020. Five years later, White sat down with HousingWire to

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Rocket pushes back debt exchange deadline amid Mr. Cooper deal

Debt, HWmember, Investors, LendingLife, Mergers and Acquisitions, Mortgage, Mr. Cooper Group, Origination, Rocket Companies /

Rocket Companies has extended the deadline for investors to exchange debt issued by a Mr. Cooper Group subsidiary for the lender’s own paper — a step tied to its $9.4 billion acquisition of the competitor. The deadline moved from Sept. 2 to Sept. 30, still leaving enough time for the deal to close in the

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Mortgage lending activity sees ‘typical spring bounce’

Attom Data Solutions, Homebuyers, Homebuying, HWmember, LendingLife, Mortgage, Origination, Purchase Market, Refinancing /

Mortgage lending increased in the second quarter 2025, with nearly 1.76 million residential loans issued nationwide, according to ATTOM’s quarterly mortgage origination report. It was the first time since 2021 that the second quarter saw an annualized increase. The total number from April through June marked a 19.4% rise from the first quarter and a

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NAF targets reverse mortgage growth with ‘connective tissue’ marketing tactics

HECM, Home Equity, HWmember, LendingLife, Marketing, New American Funding, Reverse, Reverse Mortgage Daily /

More than a year ago, New American Funding (NAF) launched a new marketing campaign that’s designed to inject a fresh attitude into how consumers view reverse mortgage products. Unlike NAF’s multimillion-dollar forward mortgage campaign, “Hell Yeah You’re Buying a Home,” which was announced last month, the reverse-centric “Old Wives” campaign isn’t something you’ll find on

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Analysts split on what happens next with Rocket–Mr. Cooper servicing book

FHFA, HWmember, LendingLife, Mergers and Acquisitions, Mortgage, Mr. Cooper Group, Rocket Companies, Servicing /

The Federal Housing Finance Agency (FHFA) signed off on Rocket Companies’ acquisition of Mr. Cooper Group but imposed a 20% cap on Fannie Mae and Freddie Mac servicing exposure — leaving analysts split on what comes next.  BTIG analysts Eric Hagen and Jake Katsikas estimate Rocket controls $400 billion unpaid principal balance in Fannie and

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Texans Credit Union announces 105% LTV financing option

Credit Union, First-Time Homebuyers, HWmember, Lenders, LendingLife, Mortgage, Origination, Texas /

Texans Credit Union launched its first-time homebuyer program on Thursday, introducing three new loan options to spur home purchase activity. The three loan options include: Low down payment mortgages that require as little as 3% down. Flexible-rate loans The “Home Extra 105” package, which finances a loan-to-value (LTV) ratio of up to 105% to cover

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UWM’s Mat Ishbia, Phoenix Suns sued by minority owners over records dispute

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Minority investors in the NBA‘s Phoenix Suns have filed a lawsuit against the team and its majority owner, Mat Ishbia. They allege being denied access to internal records, including those tied to the funding of a practice facility. The lawsuit, filed on Aug. 21 in the Delaware Court of Chancery, comes from Kisco WC Sports

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FHFA clears Rocket’s $9.4B acquisition of Mr. Cooper, with safeguards

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The Federal Housing Finance Agency (FHFA) said Tuesday it has allowed Fannie Mae and Freddie Mac to approve Rocket Companies’ planned acquisition of Mr. Cooper Group, noting the combined company should not exceed a 20% counterparty risk limit set for the government-sponsored enterprises (GSEs). Detroit-based Rocket announced in March that it would acquire Mr. Cooper

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