Pending sales for luxury homes dropped to their lowest level in over a decade, average buyers are hoping for outdoor spaces to enjoy the summer months, and technology is revolutionizing real estate with 3D home tours and interactive floor plans. This is The Mortgage Note recap.

A new fintech is offering home shoppers the ability to compare mortgage rates without submitting financial information upfront. bit.ly/4dJBihJ

Cornerstone Licensing Services has launched an interactive map of state mortgage licensing requirements. bit.ly/4mH9EpI

Commercial mortgage delinquencies rose in Q1 2025 as fears of CRE weakness bubbled to the surface. bit.ly/3FxiPsg

Mortgage demand slipped for a third week. bit.ly/3FIQZJz

UWM and Rocket are implementing artificial intelligence at a rapid pace as the two companies compete to be top dog in the industry. Writer Erin Flynn Jay has the story. bit.ly/43sSJjd

It’s National Homeownership Month and a large majority of people still believe owning a home is part of the American Dream, but getting there seems to be more challenging than ever. Editor Kimberley Haas has the story. bit.ly/4kRmFvg

Most people believe owning a home is part of the American Dream, commercial mortgage delinquencies increased in Q1, and the competition is heating up between UWM and Rocket as the companies embrace AI. This is The Mortgage Note recap.

A new Optimal Blue product tracks borrowers’ loan journeys to let lenders know when to reach out to them with refinance options. bit.ly/3FLspI5

This Father’s Day, father and son teams across the country will be celebrating their business successes. Writer Erin Flynn Jay has the story. bit.ly/3ZKIBQP

Total Expert debuted an agentic AI sales assistant meant to perform low-value sales activities, such as following up on cold leads. bit.ly/4lkmglt

Better hired Leah Price, a former Federal Housing Finance Agency financial technology leader, to oversee its AI platform, Tinman. bit.ly/4417qcr

Mortgage demand turned around after weeks of decline despite a slight rise in the 30-year fixed rate. bit.ly/4kChC21

Foreclosures are still inching up from historic lows brought on by pandemic moratoriums, but May brought a little relief. bit.ly/3FBjTeN

Rocket Pro has partnered with Vetted VA to help brokers support veterans who want to use their home loan benefits. bit.ly/4kwsgr2

A father-son team that built a legacy in financial services says there is something special about running a family business. Listen to Scott Kimbler's conversation with Robert and Curtis Knuth. bit.ly/3ZvykYx

The Federal Open Market Committee is preparing to meet for the first time since early May, with the goal of setting the Federal Reserve’s monetary policy heading into the summer of 2025. bit.ly/4kKip16