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CFPB Opens Review of TRID and Mortgage Disclosure Rules

CFPB Opens Review of TRID and Mortgage Disclosure Rules

by John G. Stevens | Oct 6, 2026 | Current News & Events, Industry Updates, Mortgage Information

The Consumer Financial Protection Bureau is seeking industry and public input on major mortgage disclosure requirements, opening a review that could eventually affect TRID compliance, refinance rescission and reverse-mortgage disclosures.The request for information...
FICO to Cut 15% of Positions as AI Restructuring Meets New Mortgage-Score Competition

FICO to Cut 15% of Positions as AI Restructuring Meets New Mortgage-Score Competition

by John G. Stevens | Oct 6, 2026 | Current News & Events, Industry Updates, Mortgage Information

Fair Isaac Corp., the company behind the FICO credit score, is eliminating approximately 15% of positions across the company as part of a restructuring that will reduce management layers and integrate artificial intelligence into product development. The workforce...
Mortgage Rates Push Toward 8% as Lenders Face New Margin and Volume Pressure

Mortgage Rates Push Toward 8% as Lenders Face New Margin and Volume Pressure

by John G. Stevens | Oct 6, 2026 | Current News & Events, Mortgage Information, U.S. Housing Market

Mortgage rates moved closer to 8% Tuesday, adding another layer of pressure to a lending industry already confronting weaker borrower demand, thinner margins and a sharp fall slowdown in housing activity.HousingWire Data reported an average 30-year conforming rate of...
Jonathan Rose Buys 150-Unit Santa Cruz Apartment Community for $85 Million, Extends Section 8 Affordability

Jonathan Rose Buys 150-Unit Santa Cruz Apartment Community for $85 Million, Extends Section 8 Affordability

by John G. Stevens | Oct 6, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Jonathan Rose Companies has acquired La Posada Apartments, a 150-unit mixed-income community in Santa Cruz, California, for $85 million, pairing the acquisition with a long-term extension of federal affordability protections. The property at 609 Frederick Street...
$7.4 Million Financing Package Backs 24 New Affordable Apartments in Quincy

$7.4 Million Financing Package Backs 24 New Affordable Apartments in Quincy

by John G. Stevens | Oct 6, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rockland Trust is providing a $7.4 million financing package for a new 24-unit affordable housing development in Quincy, Massachusetts. The Quincy Street Apartments project, planned for 150-156 Quincy Street, is being developed by Father Bill’s & MainSpring with...
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