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The nation’s largest mortgage lenders are only getting bigger

Home purchase and refinance activity hasn’t exactly been brisk in the opening months of 2025 as prospective borrowers contend with a variety of headwinds. But mortgage origination volumes among the country’s largest lenders are mostly up in the past year. Inside Mortgage Finance (IMF) data for the first quarter of 2025 was released this week. The numbers show little movement in the composition of...

HUD reinstates nonprofit’s affordable housing grants after appeal

Nonprofit housing organization Enterprise Community Partners announced that the U.S. Department of Housing and Urban Development (HUD) has reversed a decision to terminate nearly $10 million in technical assistance funding, reinstating two key federal agreements tied to affordable housing efforts. The restored Community Compass and Distressed Cities agreements allow the Cleveland-based nonprofit to...

Reverse mortgage industry descends on California for first NRMLA event of 2025

Reverse mortgage professionals are preparing to travel to Irvine, California, for the industry’s first event of the year, hosted by the National Reverse Mortgage Lenders Association (NRMLA). The association’s Western Regional Meeting is a one-day affair on Tuesday, April 29, that will aim to offer attendees a closer look at the current dynamics of the industry — including some discussion about the...

ESG team at Fannie Mae has been terminated: sources

The environmental, social, and governance (ESG) team at Fannie Mae has reportedly been dismissed in its entirety, according to multiple sources who spoke with HousingWire. Laurel Davis, who served as a senior vice president and head of the company’s mission and impact, was reportedly included in the cuts, alongside the rest of the ESG team’s staff, the sources said. One source said the staffers...

Compass files an antitrust suit against NWMLS over its CCP

The other shoe has finally dropped. After weeks of back and forth online, Compass filed an federal antitrust lawsuit in U.S. District Court in Seattle against Northwest MLS (NWMLS) over NWMLS’s Clear Cooperation Policy (CCP) on Friday. NWMLS is a broker-owned MLS, rather than owned by the Realtor association, meaning that it is not subject to the National Association of Realtors’ (NAR) rules. As...

NAR Reports Existing Home Sales Tumble in March, Hit 16-Year Low

According to the National Association of Realtors (NAR), U.S. existing-home sales fell in March 2025, with declines observed across all four major regions. Compared to March 2024, sales were down in the Midwest and South, up in the West, and unchanged in the Northeast. Market Overview Total existing-home sales -- which include single-family homes, townhomes, condominiums, and co-ops -- dropped 5.9% from...

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