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News
The New York sessions: Matt Brand and Jamie Duda of Flat Branch Home Loans
19+ hour, 57+ min ago (154+ words) That foundation shapes how the lender approaches origination, expands its product offerings and evaluates new technology. For mortgage leaders balancing rapid industry change with the fundamentals that built their businesses, Duda and Brand offer a practical perspective on staying agile…...
Housing Market News and Commentary
5+ mon, 1+ week ago (330+ words) EPM has fully shifted to the TPO business after seeing 400%+ growth. Many of EPM's former retail LOs are also on the wholesale side now. Mortgage rates peaked at 7.5% a couple weeks ago and are staying stubbornly high. Rising mortgage rates…...
IMBs lifted profits in Q2 as costs fell and volume rose
18+ hour, 18+ min ago (620+ words) IMBs and bank mortgage units increased Q2 2026 production profits to $973 per loan and 25 bps, up from $727 and 16 bps in Q1, according to MBA. Lower expenses offset narrower gain-on-sale margins while 85% of firms posted overall profits. AI Summary Independent mortgage banks (IMBs) and…...
Atlas VMS buys First Appraisal Management
16+ hour, 41+ min ago (378+ words) Atlas VMS has acquired Houston-based First Appraisal Management (FAM), expanding the company’s appraisal management footprint and local market coverage across Texas, the company announced Tuesday. The deal brings into Atlas VMS an appraiser-owned residential appraisal management company (AMC) with long-standing…...
This is why the US doesn’t have a housing shortage
12+ hour, 18+ min ago (512+ words) July permits improved, but starts dropped sharply, indicating builders are cautious as mortgage rates pressure demand and capital costs. Construction is continuing, yet the data remains consistent with a long period of range bound new home sales rather than a…...
Property tax changes up for vote in multiple states
13+ hour, 50+ min ago (568+ words) Voters in Louisiana, Oklahoma and Florida will consider property tax changes in November that aim to reduce housing costs. Louisiana could expand senior exemptions, Oklahoma would limit taxable value increases, nd Florida could significantly raise homestead exemptions. Supporters cite homeowner…...
Budget season squeezes private builders on how much risk to carry
13+ hour, 51+ min ago (1583+ words) July single-family starts fell 9.9% to an 808,000 annual pace, while builders work through inventory and incentives that pressure gross margins. NAHB data shows AD&C credit still tightening, with effective development loan rates rising to 12.59%, and increasing risk for private builders....
2026 Woman of Influence: Jessica Fister
1+ mon, 2+ week ago (298+ words) Jessica Fister is executive vice president of Mortgage Operations at Luminate Bank, where she oversees operational strategy, process management and cross-functional coordination across the mortgage platform. She is recognized for her ability to lead organizations through periods of change while…...
July housing starts fall as both single-family and multifamily slow
15+ hour, 58+ min ago (441+ words) July 2026 new residential construction data from the Census Bureau shows total housing starts dropped 12.4% from June and 13.5% year over year to a 1.239 million annual pace, with single-family starts down 9.9%. In contrast, building permits rose 5% on the month and 3.1% from a…...
Lennar Mortgage discloses data security incident
19+ hour, 35+ min ago (321+ words) Lennar Mortgage disclosed a data security incident tied to social engineering from May 26 to June 1. Texas AG said 60,526 Texans were affected, and impacted individuals can enroll in 2 years of identity monitoring through Nov. 20, 2026. AI Summary Lennar Mortgage recently disclosed a…...