The game plan is not to survive until 2025. The executives in this session are rising above and operating from a growth mindset. They have decades of experience with receipts to show their approach works, and they’re going to share their hard-earned wisdom with our audience. Watch the full session below. To go back to […]
Seniors often face a range of emotions when the discussion of downsizing to a different home arises. (Image generated by AI through Midjourney While many older homeowners often entertain the idea of downsizing into a smaller home to better accommodate natural changes to mobility in later life, this doesn’t mean the decision is an easy […]
EasyKnock, which offers sale-leaseback solutions to homeowners, announced a legal victory in Texas on Wednesday as it was awarded more than $153,000 by an arbitrator. The company has been fighting legal battles on multiple fronts through a series of consumer-initiated lawsuits and actions by regulators in several states. The arbitrator’s decision, issued in U.S. District […]
SitusAMC has struck a deal to sell a majority stake of two subsidiaries focused on mortgage risk management to investment firm VineLight Venture. The terms of the agreement were not disclosed. The transaction involves the loan insurance firm Securent Risk Retention Group along with its data, brokerage and services business, Risk and Insurance Services. It […]
In today’s digital marketing landscape, Pay-Per-Click (PPC) advertising has emerged as a powerful tool for real estate and mortgage businesses seeking immediate visibility and results. According to recent studies, businesses make an average of $2 in revenue for every $1 spent on Google Ads, highlighting PPC’s potential to drive growth and profitability. Additionally, 75% of […]
David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego last week. He emphasized the important role that the public-private partnership between the industry and HUD […]
OptifiNow announced the implementation of its high-tech customer relationship management (CRM) platform with nonqualified mortgage (non-QM) lender Arc Home LLC on Tuesday. The platform offers a new broker scoring system designed for better account management and a tagging system to improve email marketing campaigns. The CRM company launched in 2016 to provide third-party origination (TPO) […]
In a recent episode of the “New Home Insights Podcast,“ John Burns, the founder and CEO of John Burns Research & Consulting, sits down with Don Mullen, founder and CEO of Pretium Partners, for a fireside chat at the Rental Communities Summit. Prior to founding Pretium, Mullen was the head of global credit and mortgages […]
United Wholesale Mortgage (UWM) announced new enhancements to its artificial intelligence-based chatbot on Wednesday, including the ability for brokers to “chat with documents,” calculate income immediately and help identify products that match borrowers’ needs. The wholesale lender launched an AI-powered search engine dubbed ChatUWM in May 2024. The chatbot provides instant responses to clients — […]
Whichever candidate — Kamala Harris or Donald Trump — wins the 2024 presidential election will not have a significant impact on the path of interest rates, but they will bring changes to the mortgage industry from a regulatory standpoint, according to Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit. “Neither candidate is serious about […]
Federal Housing Administration (FHA) Commissioner Julia Gordon offered her insights on the agency’s Home Equity Conversion Mortgage (HECM) program at this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo, reflecting on her journey toward greater understanding of both the program itself and the industry that utilizes it. Gordon also offered some perspectives […]
As many as 80% of the 60-and-older population are unable to afford either long-term care or basic necessities like food, reflecting the serious financial challenges faced by older Americans despite their overwhelming preferences for aging in place. This is according to reporting by Phoenix-based National Public Radio (NPR) affiliate KJZZ, based on data from the […]
LOS ANGELES — American actor John Amos, who starred as the family patriarch on the hit 1970’s sitcom Good Times and earned an Emmy nomination for his role in the seminal 1977 miniseries Roots, has died. He was 84. Amos’ publicist, Belinda Foster, confirmed the news of his death Tuesday. No other details were immediately available. […]
The Federal Housing Administration (FHA) on Tuesday issued an informational notice to mortgage lenders in which it reiterates various loss-mitigation options afforded to companies and borrowers who are engaged in FHA lending programs in presidentially declared major disaster areas (PDMDAs). The guidance applies to origination and servicing for both traditional forward mortgages as well as […]
Rocket Mortgage has struck a deal to handle the servicing and recapturing activities for a portion of the mortgage servicing rights (MSRs) of real estate investment trust Annaly Capital Management, the companies announced on Tuesday. Terms of the deal were not disclosed. Annaly has $75 billion in assets invested across its agency mortgage-backed securities (MBS), […]
NEW YORK — Pete Rose, baseball’s career hits leader and fallen idol who undermined his historic achievements and Hall of Fame dreams by gambling on the game he loved and once embodied, has died. He was 83. Stephanie Wheatley, a spokesperson for Clark County in Nevada, confirmed on behalf of the medical examiner that Rose died […]
California-based loanDepot on Monday announced it has closed a $300 million offering of notes backed by a revolving warehouse line of credit and secured by mortgages. loanDepot said this is the 10th time it has closed a transaction of this kind. It follows other strategies to strengthen its financial position, including selling mortgage servicing rights […]
Starter homes are more affordable to the average American than they were a year ago, but they have become significantly less affordable over the past decade. That’s the conclusion Redfin reached in a data report released Monday. The national real estate brokerage analyzed household income levels and monthly housing payments to calculate its affordability metric. […]
Mauricio’s Umansky’s The Agency is getting into the mortgage business. The brokerage has entered into a joint venture with Barrett Financial Group to offer what the companies believe will be a wide range of mortgage products and streamlined underwriting to The Agency’s luxury clients. Dubbed Aclara Lending, the joint venture will start in Southern California […]
Two of the top five lenders in the reverse mortgage industry are now engaged in a legal skirmish over marketing practices that one lender calls deceptive. Longbridge Financial, a top five reverse mortgage lender and servicer based in New Jersey, is suing Mutual of Omaha Mortgage over a series of websites maintained by the latter. […]
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In the newest episode of the Power House podcast, host Clayton Collins chats with Robert Pieklo, chief operating officer of American Financial Resources (AFR), and Adam Carmel, CEO of Polly. They discuss the latest developments in the mortgage market, along with key dynamics and growth strategies for lenders as interest rates continue to fall. The […]
Los Angeles — Kris Kristofferson, a Rhodes scholar with a deft writing style and rough charisma who became a country music superstar and A-list Hollywood actor, has died. Kristofferson died at his home in Maui, Hawaii on Saturday, family spokesperson Ebie McFarland said in an email. He was 88. McFarland said Kristofferson died peacefully, surrounded by […]
New York — Francis Ford Coppola’s decades-in-the-making, self-financed epic “Megalopolis” flopped with moviegoers, while the acclaimed DreamWorks Animation family film “The Wild Robot” soared to No. 1 at the weekend box office. “The Wild Robot,” Chris Sanders’ adaptation of Peter Brown’s bestseller, outperformed expectations to launch with $35 million in ticket sales in U.S. and Canada […]
MUNICH — The head brewmaster for Weihenstephan, the world’s oldest brewery, has a secret: He really likes alcohol-free beer. Even though he’s quick to say he obviously enjoys real beer more, Tobias Zollo says he savors alcohol-free beer when he’s working or eating lunch. It has the same taste but fewer calories than a soft drink, […]
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The National Reverse Mortgage Lenders Association (NRMLA) concluded the 2024 edition of its Annual Meeting and Expo on Thursday afternoon. Those in attendance told HousingWire’s Reverse Mortgage Daily (RMD) that the event provided ample opportunity for networking and educational content while boosting hopes that the industry can grow in the coming years. Different kinds of […]
Editor in Chief Sarah Wheeler sat down with Manish Garg, senior vice president of product and technology at EarnUp, an autonomous financial wellness platform, to talk about how his company is using gen AI to deliver a personalized experience for customers at scale. Garg has a deep background in building enterprise software and has spent […]
Capping off a dramatic few weeks in Washington, D.C., the U.S. House of Representatives and the U.S. Senate have passed a continuing resolution that will fund the government through Dec. 20 — more than a month after Election Day, and just weeks before the new Congress is scheduled to be sworn in and the presidential […]
After Russia invaded Ukraine, Yuliia Lebedynska moved to Brussels with her daughter and granddaughter. She was an entrepreneur in Ukraine but in Belgium, she found herself in a Ukrainian women’s choir. Valentina Vasileva has the story, narrated by Anna Rice. Camera: David Gogokhia details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: […]
The question from the housing industry after the Federal Reserve’s half-point interest rate cut is simple — will this bring buyers back to the stalled housing market? A new report from Redfin suggests that it is already happening. The company analyzed mortgage rate-lock data from Optimal Blue and found that locks have risen 68% this […]
Elevated mortgage rates have strained housing affordability for more than two years. With rates now falling — and more downward movement expected after the Federal Reserve‘s recent interest rate cut — two new reports suggest that affordability is getting better too. The third-quarter 2024 housing affordability report from Attom says that falling mortgage rates, rising […]
New York-based Simplist Technologies, which has developed a consumer-facing mortgage platform, introduced a new software solution on Thursday for mortgage professionals that combines a loan origination system (LOS) with a point-of-sale system (POS). The integrated platform, known as Sonar, has artificial intelligence (AI) capabilities to automate rote tasks and speed up workflow processes. Sonar was […]
As a vast majority of older adults prefer to remain in their current homes as they age, a key to successfully aging in place lies in preparation and adequate understanding of the dwelling, according to a new examination by the The Wall Street Journal. The report cited 2021 data from Harvard University’s Joint Center for […]
Multiple listing services (MLSs) have a wealth of data, and one technology company thinks it has found an innovative way to use it. Real estate data company StreetWire has partnered with Northern California MLS MetroList to produce an insurance product called Home Value Lock. It’s designed to protect homeowners from declining home values. The coverage […]
The American dream of homeownership is slipping away for many, as the gap between wages and home prices continues to widen. In the 1970s, home prices aligned more closely with income levels. Today, escalating real estate costs—particularly in high-cost areas—are pricing millions of Americans out of the housing market. One potential solution? Extending the traditional […]
The first day of this year’s National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo in San Diego wound down with an announcement that marks the end of an era. The association honored two of its most prominent past and present members with distinguished service awards. These were given to Peter Bell, NRMLA’s current […]
Negative depictions of Americans ages 50 and older have lessened over a five-year period, with negative sentiment in online media and marketing images dropping from 28% in 2018 to 10% in 2023, according to research published this week by senior advocacy organization AARP. “The 50-plus population is pictured as more active and independent, less fearful, […]
The Federal Housing Finance Agency (FHFA) announced on Wednesday it has changed its proposal to amend the Suspended Counterparty Program (SCP), offering a less severe version after several trade groups raised concerns about its impacts on the mortgage market. The SCP, established in June 2012 during the Obama administration, requires that entities report to FHFA […]
Mortgage applications are now at their highest level in more than two years after an 11% jump during the week ending Sept. 20, according to the newest weekly applications survey from the Mortgage Bankers Association (MBA). The 11% increase in the MBA’s overall applications index — boosting the index to its highest point since July […]
A judge in Arizona granted Mat Grella, the former president of NEXA Mortgage, a motion to dismiss a lawsuit filed by the company. NEXA has accused Grella of causing the failure of a $24 million hangar-office property purchase and the brokerage firm is preparing to file an amended complaint. The saga began in March when […]
Applicants hoping to get a mortgage job in 2024. (Image created by AI in Midjourney.) ” data-image-caption=” Applicants hoping to get a mortgage job in 2024. (Image created by AI in Midjourney.) ” data-medium-file=”https://www.housingwire.com/wp-content/uploads/2024/09/waitingroom.jpg?w=300″ data-large-file=”https://www.housingwire.com/wp-content/uploads/2024/09/waitingroom.jpg?w=1024″ tabindex=”0″ role=”button” src=”https://www.housingwire.com/wp-content/uploads/2024/09/waitingroom.jpg?w=1024″ alt=”Applicants hoping to get a mortgage job in 2024.” class=”wp-image-483302″ srcset=”https://www.housingwire.com/wp-content/uploads/2024/09/waitingroom.jpg 1200w, https://www.housingwire.com/wp-content/uploads/2024/09/waitingroom.jpg?resize=150,84 150w, https://www.housingwire.com/wp-content/uploads/2024/09/waitingroom.jpg?resize=300,169 300w, https://www.housingwire.com/wp-content/uploads/2024/09/waitingroom.jpg?resize=768,432 […]
Washington — Johnny Cash now stands among the most famous politicians, trailblazers and activists of American history as he became the first professional musician to be honored with a statue in the U.S. Capitol. Congressional leaders from both parties and members of the Cash family were among the several hundred guests who gathered Tuesday for the […]
New York-based asset manager Rithm Capital, the owner of multichannel lender Newrez, announced on Tuesday that it plans to raise money for “general corporate purposes” by selling up to 34.5 million shares of common stock to investors in a public offering. The company said underwriters will offer shares from time to time in negotiated transactions […]