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Millrose Faces Shareholder Lawsuit Over Lennar Rental-Home Purchases

Millrose Faces Shareholder Lawsuit Over Lennar Rental-Home Purchases

by John G. Stevens | Oct 14, 2026 | Commercial Real Estate News, U.S. Housing Market

A securities lawsuit is testing how clearly Millrose Properties told investors it could move beyond land banking into owning completed rental homes. The company, spun out of Lennar in February 2025, faces a proposed shareholder class action after allegations that it...
Mortgage Applications Fall 2.7% as ARM Share Hits One-Year High

Mortgage Applications Fall 2.7% as ARM Share Hits One-Year High

by John G. Stevens | Oct 14, 2026 | Mortgage Information

Mortgage applications fell another 2.7% last week as higher borrowing costs continued to squeeze homebuyers and borrowers seeking to refinance, according to the Mortgage Bankers Association’s October 14 survey. Adjustable-rate loans accounted for 10.5% of...
Fed’s Bowman Sees No Urgency for Another Rate Hike as Inflation Climbs

Fed’s Bowman Sees No Urgency for Another Rate Hike as Inflation Climbs

by John G. Stevens | Oct 14, 2026 | U.S. Housing Market

Federal Reserve Vice Chair for Supervision Michelle Bowman said Wednesday that policymakers need not rush into another interest-rate increase following September’s move, adding a note of caution to a debate that has become increasingly important for mortgage...
MBA Adds FTI Consulting Cybersecurity Support for Mortgage Lender Members

MBA Adds FTI Consulting Cybersecurity Support for Mortgage Lender Members

by John G. Stevens | Oct 14, 2026 | Industry Updates, Mortgage Information, Tech Trends

Mortgage lenders looking for outside help with cybersecurity incidents now have a new option through the Mortgage Bankers Association, which has arranged preferred access to services from FTI Consulting for its members. The association announced the arrangement...
Mogul Raises $15.5 Million to Expand Fractional Rental Investing Platform

Mogul Raises $15.5 Million to Expand Fractional Rental Investing Platform

by John G. Stevens | Oct 14, 2026 | Real Estate Investing, Tech Trends

Mogul, a platform that allows investors to buy fractional interests in rental properties, said it has closed a $15.5 million Series A financing led by Draper Associates. The Washington-based company put its valuation at $126 million and said it will use the money to...
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