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Newrez to expand joint venture network with eXp Realty
loantrust.ai

Newrez to expand joint venture network with eXp Realty

Educational BREAKING — National Mortgage News reported Wednesday that eXp World Holdings, the parent company of eXp Realty, and Kind Lending have ended their mortgage joint venture, Success Lending. Joint ventures between large real estate brokerages and mortgage lenders have become a common structure in the industry, and their dissolution leaves

Hans Michel/ / 1 min read
Cash-Out Refinance | Requirements & Limits [current_year]
loantrust.ai

Cash-Out Refinance | Requirements & Limits [current_year]

Educational The Mortgage Reports has published a guide to cash-out refinancing, walking through how these loans function alongside the requirements and rates borrowers can expect. For homeowners sitting on appreciated equity, the piece arrives at a moment when tapping that value has become a live option again. The guidance

Hans Michel/ / 2 min read
Map Shows Where Self-Employed Mortgage Borrowers Are Most Common
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Map Shows Where Self-Employed Mortgage Borrowers Are Most Common

Educational A new map published by Realtor.com News shows where self-employed mortgage borrowers are most heavily concentrated across the country. As of 2024, Vermont leads with 8.57% of its workers classified as self-employed, followed by Montana at 8.38% and Maine at 8.02%. These figures

Hans Michel/ / 2 min read
Cotality: mega investors retreated pre-ROAD act
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Cotality: mega investors retreated pre-ROAD act

Educational BREAKING — National Mortgage News reports that mega investors, the smallest segment of non-owner occupied single family homebuyers, accounted for one-quarter of the unit drop in second quarter sales. This retreat by the largest institutional players marks a measurable shift in who is buying rental property and in

Hans Michel/ / 1 min read
Mortgage rates, not the trade war, are top of mind for Rochester homebuyers
loantrust.ai

Mortgage rates, not the trade war, are top of mind for Rochester homebuyers

Educational BREAKING — Mortgage Professional America reports that climbing mortgage rates are becoming a more pressing concern for Rochester homebuyers than the new trade dispute, with the latter barely registering in client conversations. The prospect of higher borrowing costs appears to be doing what trade policy has not: pushing some buyers

Hans Michel/ / 2 min read
NAF lays off 160 employees in consumer direct division
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NAF lays off 160 employees in consumer direct division

Educational HousingWire reports that NAF has laid off 160 employees in its consumer direct division, with the lender attributing the cuts to current mortgage market conditions. The reduction reflects broader pressure on mortgage operations as originators adjust staffing levels to match slower volume. For employees affected and for borrowers who

Hans Michel/ / 2 min read
Rocket Pro pays brokers $10K bounty to flip from UWM
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Rocket Pro pays brokers $10K bounty to flip from UWM

Educational BREAKING — National Mortgage News reports that Rocket Pro has seen more brokers move from United Wholesale Mortgage to its wholesale channel in the last 90 days than the previous 12 months combined, according to Chief Revenue Officer Austin Niemiec. The $10,000 bounty Rocket is offering to brokers who

Hans Michel/ / 2 min read