Xactus Turns a Rival's Tool Into Its Own Fintech Bet
Xactus acquired Mortgage Credit Link (MCL), the web‑based order‑fulfillment platform used by competing consumer‑reporting agencies, and rebranded it as XedaLink. The new subsidiary operates independently, with thirteen former MCL employees and strict data‑wall safeguards separating it from Xactus' core mortgage services. While financial terms remain undisclosed, Xactus emphasizes a seamless transition for existing contracts and no disruption to customers. The deal marks Xactus' tenth merger and signals a shift from market‑share growth toward pure technology acquisitions within the fintech space.
REMIC Share Grows at Ginnie Mae, Fannie Mae and Freddie Mac
Global demand is driving a sharp rise in agency REMIC issuance, with Ginnie Mae, Freddie Mac and Fannie Mae collectively issuing more than $57 billion in March—well above the typical sub‑$50 billion monthly average. Ginnie Mae alone accounted for $80 billion, representing 40%...
Rate May Allow some Refinance Loans to Skip Title Policies
Rate has introduced the EnTitled pilot, using automated loan‑data analysis to waive lender‑provided title‑insurance policies on qualifying refinance loans. The program, now live in 23 states, mirrors Fannie Mae’s ongoing test of similar insurance waivers and requires borrowers to meet GSE...
Mortgage Tech Roundup: New Tools for Lenders and Brokers
During the peak home‑buying season, mortgage‑tech firms unveiled a wave of new tools aimed at streamlining lending, compliance and consumer experiences. LoanLogics introduced the LoanBeam Broker Portal, enabling brokers to automate income verification, while Attom released an AI‑driven AVM with...
Wage Growth Softens the Sting of Rising Mortgage Payments
Mortgage payments edged higher in April as the 30‑year conforming rate rose, pushing the median purchase mortgage payment to $2,152, the highest level since last June. Despite the rate increase, wage growth of 5.3% year‑over‑year helped keep affordability from deteriorating...
CFPB Ends Telework in a Move that Could Cut Staff Further
The Consumer Financial Protection Bureau announced it will end telework, requiring all 1,100 employees to return to its new Washington, D.C., headquarters. Roughly 450 staff who live outside the capital must relocate by August 31 or face termination. The policy, driven...
Beeline Holdings to Acquire 100% of AI Real Estate Company
Beeline Holdings announced a non‑binding LOI to acquire 100% of MagicBlocks, an AI‑driven real‑estate technology firm, for an estimated $1 million. The deal will give Beeline full control of MagicBlocks’ proprietary AI, blockchain settlement and tokenization platforms, bolstering its digital mortgage...
Lift in Mortgage Cure Rates May Bode Well for FHA Recovery
Intercontinental Exchange reported that April’s mortgage cure rate topped 62,000, a sharp rise from the 42,000 average recorded between November and February. The increase coincides with the Federal Housing Administration’s rule change in October, which has softened assistance criteria and...
Treasuries Flash Bullish Signals After Oil Selloff
U.S. Treasury yields opened with bullish gaps on Monday after crude oil futures plunged to $89.41 per barrel, a sharp drop from Friday’s $96.60 close. The 5‑year and 10‑year yields remain within the analyst’s wave‑theory target ranges, while the 30‑year...
FHA Adds Automation for Spot Approvals on Condos
The Federal Housing Administration announced an automated process for assigning case numbers to spot‑approval condo loans. Lenders can now obtain a case number instantly for projects flagged as "expired" or "rejected‑register SUA" through the FHA Connection portal, eliminating the prior...
Why an FHA Rule for Nonborrowing Spouses Is Making Waves Now
The FHA requires non‑borrowing spouses in community‑property states to disclose their debts, inflating debt‑to‑income ratios and often disqualifying lower‑income couples. States such as Arizona, California, Texas and others treat post‑marriage assets and liabilities as jointly owned, forcing lenders to factor...
NEXA Makes 'Strategic Investment' In Copper Ridge Ventures
NEXA Lending announced a strategic investment and phased‑acquisition agreement with Copper Ridge Ventures, a holding company for mortgage joint ventures owned by Tim Owens. The partnership gives NEXA access to CRV’s broker‑focused joint‑venture portfolio while providing CRV with NEXA’s technology,...
Surprise! Contract Signings, Listings Point to Best Spring in Years
Realtor.com reports the strongest start to the 2026 home‑buying season in years, driven by competitive seller pricing. Year‑to‑date new listings are up 1.4% and contract signings have risen 2.9% versus 2025, both metrics hitting their highest levels since 2022. April...
AI Set to Reshape Secondary Market Pricing and Trading
Artificial intelligence is poised to overhaul pricing and trading in the mortgage secondary market, according to leaders at the Mortgage Bankers Association conference. Executives described AI‑driven scorecards that would price each seller’s loans based on performance metrics, and autonomous agents...
The Non-Agency Market Is Bigger than You Think
At the Mortgage Bankers Association’s Secondary and Capital Markets Conference, panelists declared that non‑agency (non‑QM) mortgages have shed their niche label and now account for roughly half of new originations. Lenders such as Deephaven Mortgage report mainstream demand, while investors...