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Lenders are drawing up new game plans, or preparing to, now that Fannie Mae, Freddie Mac and the Housing and Urban Development have committed to adding modernized credit scores as alternatives to Classic FICO.Processing ContentNewRez, a division of Rithm Capital, completed a test sale of $10 million in loans to...
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For the fifth time in the past six years, the National Mortgage News Top Producers Survey results are headed up by a loan originator who produced over $1 billion.Processing ContentShant Banosian, president of Rate, did over $1.03 billion during 2025, with Mark Cohen of Cohen Financial just behind at $933...
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A lunch meeting between once bitter adversaries turned into a business agreement that few in the mortgage industry saw coming this week. Processing ContentNow aligned on the same side, United Wholesale Mortgage CEO Mat Ishbia and longtime Rocket executive Mike Fawaz raised eyebrows with their eye-opening new alliance that provides a...
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Key insight: Federal Reserve Chair Jerome Powell said that he would remain at the Fed board after his term as chair expires next month in order to ensure that the central bank can continue to conduct monetary policy independently.Expert quote: "I worry that these attacks are battering the institution and...
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