Housing coalition presses Congress to act on trigger lead reform
Read more: Mortgage trigger lead reform bill gets second chance in Congress The coalition also emphasized that the burden of opting out falls entirely on the borrower, who must notify the CRA and wait five business days for the opt-out to take effect, which then lasts for five years. During that window, borrower data remains […]
10-year Treasury yield rises as Trump renews attacks on Powell
In the wake of Trump’s remarks, broader markets reacted sharply. US stocks experienced sell-offs, while the dollar surged to its highest level in three years. Gold, traditionally viewed as a safe-haven asset, spiked to a record high above $3,400 per ounce. “President Trump’s increasingly confrontational posture against Fed chair Jerome Powell makes investors wonder if […]
Why hybrid finance firms thrive in Hawaii’s pricey market
It’s the model Reed Myers (pictured) has refined over the years. During the 2008 crash, he joined the mortgage company his father founded and eventually expanded it into a multi-branch operation. Today, Myers oversees lending, brokering, and fund management at Myers Capital and Myers Investment Group, firms that operate with a lean team but a […]
Crypto mortgages: Some say they’re the next big thing, but others aren’t buying it
Miki Adams of CBC Mortgage Agency highlights rising downpayment costs as a major hurdle for homebuyers, particularly first-timers, and stresses the importance of federal and private programs in overcoming affordability challenges.https://t.co/z3UIhaeTTI — Mortgage Professional America Magazine (@MPAMagazineUS) April 21, 2025 “We can help that customer, borrow against their bitcoin for the downpayment so […]
A coming HELOC surge could help brokers bring business to the next level
“Obviously, demand for loans in general is subdued,” Stratis told Mortgage Professional America. “Purchase markets are down, the refi markets are down. All the conversations that I’m having with brokers typically revolve around second liens and HELOCs. And I tell them that a HELOC is a really elegant way to meet a given customer’s need […]
Surging downpayment costs, program cuts add to affordability issues
“We have to be open to looking at how we can solve this problem, because it’s a really big problem in America right now,” Adams told Mortgage Professional America. “The opportunity to own a home shouldn’t be left to only those with wealth or those who have family money. We need to keep it available, […]
How to win in a shrinking market? UMortgage is going back to basics
That momentum, he said, may be tied as much to psychology as it is to economics. After a long period of uncertainty surrounding elections and national leadership, Bitter said it seemed like the fear of the unknown had started to lift. “Even though there’s a lot of chaos in the administration, it feels like things […]
Court strikes down United Wholesale Mortgage foreclosure over standing issue
In June 2021, MERS assigned the mortgage to UWM. Later, UWM filed a foreclosure action in December 2022. While the Smiths did not appear in the case—resulting in a default judgment and order of reference against them—Prime Property Protection did respond, challenging UWM’s standing to foreclose. The Supreme Court (Justice Thomas Buchanan) granted UWM’s motion […]
Federal Government to start debt collection on up to 5.3 million borrowers
The announcement represents a significant shift in federal student loan policy. No loans have been sent to collections since March 2020, when President Donald J. Trump ordered a freeze on payments and interest as a temporary measure to aid borrowers during the pandemic. The Biden administration extended the moratorium multiple times, finally allowing it to […]
Where Would Mortgage Rates Be Without Liberation Day?
In case you haven’t heard, the tariffs levied against China are now 145%. Yes, you read that right. Not the 125% you may have heard about yesterday because the math apparently left out an additional 20% increase. Oops! They’re now well above the prior 104% tariff rate, and the 84% originally in place. When you […]