Celebrity Home Loans partners with Fortuna Finance on bridge financing
Illinois-based independent mortgage banker Celebrity Home Loans has partnered with Fortuna Finance to offer bridge financing to consumers transitioning from one home to another...
EXEC SPOTLIGHT

Who’s NEXT? Get to know some of the executives in the NEXT community.
Mortgage applications dropped last week
After nearly a month of promising increases, mortgage applications fell again last week. MBA data showed that applications were down 9% from the prior week. The Market Composite Index, a measure of mortgage loan application…
Indiana cities top emerging housing market index
Lafayette, Ind. topped the emerging housing market list in the fourth quarter. Two other Indiana cities—Fort Wayne an Elkhart—joined it in the top three. Factors that push markets up the list include an appreciating housing market, strong…
First Internet Bank to exit consumer mortgage business
The company cited the steep decline in mortgage volumes and the “negative outlook” for mortgage lending over the next several years. The exit includes its nationwide digital direct-to-consumer mortgage platform that…
Home price gains declined for 5th straight month in November
New data indicates that home prices gains declined across the U.S. in November with a 7.7% annual gain. That’s down from 9.2% in the previous month. Miami led with an 18.4% year-over-year price increase. Tampa followed with a…
Home prices fall faster in “overvalued” San Francisco, San Jose & Phoenix
Real house prices decreased 1.2% month-over-month in November. Two factors drove the rapid decline in affordability. The first was a 7.6% annual increase in nominal house prices. The second, a 3.7% increase in the…
Former employees sue AmeriSave Mortgage Corp.
Former AmeriSave Mortgage Corp. employees are suing the company, claiming failure to pay wages, bonuses and commissions. A group of 11 former employees are part of the lawsuit. The group also alleges the company conducted a…
American Pacific Mortgage acquires Lend Smart Mortgage
The transaction was announced on Jan. 26. The terms were not disclosed, but Lend Smart will retain its name and brand, as well as its leadership, American Pacific said in a statement…
Black Knight completes loan processing for 57 million loans in a day
On Jan. 1, 2023, all month-end, quarter-end and 2022 year-end processing for 93 clients and almost 57 million active and inactive loans serviced using Black Knight’s MSP loan servicing system and processed in the company’s data center…
Homebuyer assistance programs increased in Q4
The net number of homebuyer assistance programs increased by 1.82% from Q3 to Q4 2022, according to Down Payment Resource’s (DPR) latest Homeownership Program Index (HPI). This marks the fifth consecutive quarter of growth…
Flagstar Bank closes D2C mortgage business, lays off hundreds
Flagstar Bank has laid off hundreds of employees in several states and is closing part of its national mortgage operation. The move comes less than two months after being acquired by New York Community Bancorps..
National Equity Fund provided $2.1B in affordable housing investments in 2022
The National Equity Fund (NEF) provided “near-record levels” of financing for U.S. affordable homes in 2022 . This is despite the economic challenges facing the affordable housing industry…
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Celebrity Home Loans partners with Fortuna Finance on bridge financing
Illinois-based independent mortgage banker Celebrity Home Loans has partnered with Fortuna Finance to offer bridge financing to consumers transitioning from one home to another...
Mortgage applications dropped last week
After nearly a month of promising increases, mortgage applications fell again last week. MBA data showed that applications were down 9% from the prior week. The Market Composite Index, a measure of mortgage loan application…
Indiana cities top emerging housing market index
Lafayette, Ind. topped the emerging housing market list in the fourth quarter. Two other Indiana cities—Fort Wayne an Elkhart—joined it in the top three. Factors that push markets up the list include an appreciating housing market, strong…
First Internet Bank to exit consumer mortgage business
The company cited the steep decline in mortgage volumes and the “negative outlook” for mortgage lending over the next several years. The exit includes its nationwide digital direct-to-consumer mortgage platform that…
Home price gains declined for 5th straight month in November
New data indicates that home prices gains declined across the U.S. in November with a 7.7% annual gain. That’s down from 9.2% in the previous month. Miami led with an 18.4% year-over-year price increase. Tampa followed with a…
Home prices fall faster in “overvalued” San Francisco, San Jose & Phoenix
Real house prices decreased 1.2% month-over-month in November. Two factors drove the rapid decline in affordability. The first was a 7.6% annual increase in nominal house prices. The second, a 3.7% increase in the…
Former employees sue AmeriSave Mortgage Corp.
Former AmeriSave Mortgage Corp. employees are suing the company, claiming failure to pay wages, bonuses and commissions. A group of 11 former employees are part of the lawsuit. The group also alleges the company conducted a…
American Pacific Mortgage acquires Lend Smart Mortgage
The transaction was announced on Jan. 26. The terms were not disclosed, but Lend Smart will retain its name and brand, as well as its leadership, American Pacific said in a statement…
Black Knight completes loan processing for 57 million loans in a day
On Jan. 1, 2023, all month-end, quarter-end and 2022 year-end processing for 93 clients and almost 57 million active and inactive loans serviced using Black Knight’s MSP loan servicing system and processed in the company’s data center…
Homebuyer assistance programs increased in Q4
The net number of homebuyer assistance programs increased by 1.82% from Q3 to Q4 2022, according to Down Payment Resource’s (DPR) latest Homeownership Program Index (HPI). This marks the fifth consecutive quarter of growth…
Flagstar Bank closes D2C mortgage business, lays off hundreds
Flagstar Bank has laid off hundreds of employees in several states and is closing part of its national mortgage operation. The move comes less than two months after being acquired by New York Community Bancorps..
National Equity Fund provided $2.1B in affordable housing investments in 2022
The National Equity Fund (NEF) provided “near-record levels” of financing for U.S. affordable homes in 2022 . This is despite the economic challenges facing the affordable housing industry…