NEXA Lending denies loanDepot trade secrets lawsuit

NEXA Lending CEO Mike Kortas is dismissing claims that the company misappropriated trade secrets and confidential customer data after being sued by rival lender loanDepot in federal court. The complaint alleges that NEXA knowingly assisted two former loanDepot employees in taking proprietary informa

LA wildfire recovery aftermath draws Trump scrutiny

Donald Trump said last week that his administration will examine how banks are treating homeowners affected by the last year’s Los Angeles wildfires, singling out Wells Fargo for criticism after meetings with local officials. In a post on Truth Social, Trump said he met with Los Angeles Mayor Karen

Think You Have To Put 20% Down? Most First-Time Homebuyers Don’t.

According to Google Trends, online searches for down payment information recently hit an all-time high.

The mortgage industry optimized for affordability. It ignored capital efficiency.

For decades, mortgage lending has been built around a single objective: to make homeownership affordable. The 30-year fixed-rate mortgage became the dominant structure because it lowers monthly payments, expands borrower eligibility, and fits cleanly into underwriting frameworks built around debt-to