October 2026

A federal judge in Michigan dismissed a proposed class action alleging UWM misused 401(k) forfeitures to reduce employer contributions. The court found the plan permitted the practice and said Sixth Circuit precedent limited the plaintiffs’ ERISA claims. A federal judge has dismissed a lawsuit accusing United Wholesale Mortgage (UWM) of improperly using forfeited 401(k) contributions

Article SummaryAIME Fuse panelists said VA lending offers broker growth opportunity but requires entitlement accuracy. A Polygon Research review of HMDA data cited 2025 VA denials at 8.2%. Appraisal challenge options and local targeting data were highlighted. Mortgage brokers who are looking to better serve the veteran and active-duty military population through U.S. Department of

Experian announced on Thursday that it has integrated its income and employment verification platform with Workday, expanding the payroll information available for real-time verification. The integration will allow Workday customers to use Experian Verify to verify income and employment information, including for consumers applying for mortgages, auto loans, rental housing and other financial products. The

AZP Insurance Specialists announced that it has awarded its highest certification to Gateless Smart Underwrite, an artificial intelligence-driven mortgage underwriting platform. Gateless is the first technology provider certified under AZP’s AI Mortgage Technology Certification framework and received the Platinum designation, the highest of four certification levels, AZP said. The framework evaluates AI and advanced technology

Shareholder Jon Oksenholt of Oksenholt Capital Management has outlined a plan to place Fannie Mae and Freddie Mac under a new Texas holding company, U.S. Financial Technology and Mortgage Corp. Shareholder Jon Oksenholt of Oksenholt Capital Management has proposed a plan that would place Fannie Mae and Freddie Mac under a new Texas holding company

Article Summary A federal lawsuit in North Carolina alleges Unison’s home equity sharing agreements are predatory, unlicensed mortgages disguised as option contracts. Plaintiffs say they owe far more than they received — one couple got $61,000 but may owe $270,000. The case cites a Ninth Circuit ruling and could force the equity-sharing industry to abide

Joe Gormley said the Trump administration is comfortable with FHA mortgage insurance premiums for single-family home loans and reverse mortgages, following a 25-bps cut to multifamily MIP in October 2025. He also outlined ongoing work on issuer liquidity and FHA delinquency reporting tied to TPPs. Joe Gormley, who is expected to hand over the role

Todd Bookspan and Matt Baker have joined NEXA Lending and launched Keepsake Loans, an umbrella brand that will house their existing team and business, NEXA announced on Thursday. The Bookspan Baker Team, which comes from Guild Mortgage, has originated more than $1 billion in mortgage volume and is on pace to produce about $100 million

PLACE has acquired mortgage fintech Maxwell, which serves more than 400 financial institutions and supports over $130 billion in annual mortgage transactions. PLACE has acquired mortgage technology provider Maxwell, continuing a string of acquisitions aimed at building an end-to-end homeownership ecosystem. Financial terms of the deal were not disclosed. Maxwell will allow PLACE to directly

Article Summary The Veterans United RESPA case was brought by private borrowers, not the CFPB, DOJ or state regulators. The author argues private class actions, accelerated after Sitzer/Burnett, now drive risk for referral and lead programs. I ask the same question in nearly every continuing education (CE) class I teach. Who enforces the Real Estate