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Caliber Home Loans fined $2.3M for overcharging California borrowers

Caliber Home Loans, California, HWmember, Mortgage, NewRez, Regulatory, Regulatory Compliance /

The California Department of Financial Protection and Innovation (DFPI) confirmed on Monday that it has reached a $2.3 million settlement with former mortgage lender and servicer Caliber Home Loans Inc. California regulators found that in 2016, Caliber overcharged borrowers per diem interest and later identified 4,912 affected loans between 2012 and 2019, totaling $550,316. These […]

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RE/MAX turns to Vic Lombardo to scale Motto Mortgage, wemlo

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RE/MAX Holdings has appointed Vic Lombardo as its president of mortgage services. Lombardo will succeed Ward Morrison to oversee mortgage brokerage franchise brand Motto Mortgage and third-party processing solution wemlo, the company announced on Monday. Lombardo brings more than two decades of experience to the role. He most recently served as chief operating officer of

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New-home purchase mortgage demand kept growing in July

HWmember, Joel Kan, LendingLife, Mortgage, Mortgage applications, Mortgage Bankers Association, New Home Sales, Origination, Purchase Applications /

The Mortgage Bankers Association (MBA)’s Builder Application Survey data for July 2025, released on Monday, shows that mortgage applications for new-home purchases increased 6.8% compared from a year ago. Compared to June 2025, applications increased by 7%. This change does not include any adjustment for typical seasonal patterns. “Purchase activity for new homes strengthened in

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The Florida Association of Mortgage Professionals pushes for condo guideline changes

Affordability, Bill Pulte, Fannie Mae, FHFA, Florida, Florida Association of Mortgage Professionals, Freddie Mac, HWmember, Mortgage, Origination, Regulatory /

Florida homebuyers are facing the same affordability challenges that other housing markets are grappling with, but with added regulatory hurdles if they want to buy a condo. The Florida Association of Mortgage Professionals (FAMP), which is hosting its annual convention this week in Orlando, is addressing those challenges head-on, looking to improve the Florida housing market

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MBA opposes GSE merger, supports explicit government guarantee

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In the debate over whether Fannie Mae and Freddie Mac should merge, the Mortgage Bankers Association (MBA) has remained consistent: “We don’t think that would be a good idea,” chief economist Mike Fratantoni said. The trade group supports a stock offering that preserves stability in the secondary mortgage market while advocating for privatization with an

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Tech Pulse: AI Summit delves deep on housing industry impacts

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Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Read on for a rundown of speakers who shared expert insight at this past week’s HousingWire AI Summit in Dallas. Talk ranged from use of “digital twins” among eXp Realty executives to artificial

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Mortgage lenders urged to build AI compliance foundations

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Mortgage lenders deploying artificial intelligence should prepare now for Colorado’s comprehensive AI law that will take effect in February 2026 and rethink how they manage compliance risk. That’s according to Mike Brown, chief product officer at Xactus, and Wendy Lee, managing partner at LOGS Legal Group, who appeared on stage this week at HousingWire‘s AI

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Better’s Kevin Ryan adds Houlihan Lokey role amid executive shake-up

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Several senior executives in Better’s control and finance teams, including chief financial officer Kevin Ryan, have taken additional jobs or left the company as it navigates financial pressures, according to public announcements and updates to social media profiles.  In July, Ryan also joined investment bank Houlihan Lokey as a managing director in its capital solutions

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TidalWave’s Diane Yu on AI’s impact to mortgage jobs

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The promise that artificial intelligence brings to the mortgage ecosystem through faster processes and reduced expenses is also accompanied by the potential threat it poses to human roles. While the next two years could see an acceleration of AI-related job losses, Diane Yu urges mortgage professionals to adopt a “mindset of abundance” when approaching the

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CFPB cleared to fire 90% of staff by appeals court decision

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The CFPB can go ahead with plans — announced in April — to fire 90% of its staff, a federal appeals court panel ruled on Friday. The U.S. Court of Appeals for the D.C. Circuit found that “the district court lacked jurisdiction to consider the claims predicated on loss of employment, which must proceed through

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