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Judge orders NYC to withdraw pied-à-terre surcharge notices
The ruling targets NYC enforcement; a separate Suffolk County litigation by wealthy Florida residents challenges a New York State law authorizing the surcharge
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ICE launches residential whole loan evaluations service
New model-driven evaluations cover QM, non-QM and specialty loans, delivered daily or monthly via ICE Data API
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Mortgage applications fall 6% as rates hit highest level in three years
Refinance activity fell 9% week over week and was 56% lower than a year ago
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September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%
Mortgage rates crossed 7% for the first time in 20 months this September, and sellers are feeling it. Price cuts climbed to their highest share since 2022, as inventory kept growing.
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West Capital Lending hires Michael Cecero and 33-person team
The move adds about $325M in annual production and expands the company’s presence in Tennessee and Missouri
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NRMLA says it will keep pushing for HECM insurance changes after remarks by Ginnie Mae president
NRMLA President Steve Irwin said the trade group will continue to lobby HUD, FHA on lowering the upfront mortgage insurance premium for federally insured reverse mortgages
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FHFA says Fannie, Freddie will use one LLPA grid for FICO and VantageScore
Change follows lender feedback after VantageScore 4.0 was approved for eligible conventional loans earlier this month
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Signature Homes thinks 100-day builds can win in a smaller market
Builder expects 530 closings and $430 million revenue in 2026, with 304 net orders in the first half
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New homes still cost less than resales in many U.S. markets
Zillow reports that new homes in July sold at $205 per square foot, compared with $212 for existing homes
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The brokerage operating model has reached its limits
Growth often adds staff, but more roles can increase coordination work and errors
