To gain a competitive advantage in the mortgage space, it often demands access to expertise and capabilities that provide options, confidence, expansion opportunities and an ability to create efficiencies across time, resources and cost. A designation as an approved Seller/Servicer with Freddie Mac is just that—a strategic assistance for both businesses and their borrowers. The […]
NAF Cash, a subsidiary of multichannel mortgage lender New American Funding (NAF), announced on Tuesday the availability of a tool called NAF Cash Maps that aims to offer data on trends related to all-cash home purchases. “The data is derived from information collected by real estate data provider MMI, MLS data, and public records, enhanced […]
Building on momentum seen in April, reverse mortgage volume and securities issuance each posted gains in May, with a caveat in place about the runway ahead from case number assignments in April. Home Equity Conversion Mortgage (HECM) endorsements increased by 16.9% to 2,460, while HECM case numbers remained relatively flat compared to April, which could […]
With flood insurance premiums commanding ever-higher prices, a U.S. senator recently described a hardship faced by a constituent who endured challenges with higher flood insurance costs while keeping a reverse mortgage in good standing. The Federal Emergency Management Agency (FEMA) implemented a new flood insurance pricing methodology in late 2021 called “Risk Rating 2.0,” which […]
Seller impersonation fraud has reportedly risen significantly over the years, and one such fraudster attempted to cash in by facilitating a fraudulent sale of Graceland, the famous Memphis, Tennessee, home owned by the late Elvis Presley. But while a fraud attempt targeting such a famous structure and family would easily make national news, the vast […]
Shopping around for a mortgage could prove beneficial for borrowers looking to save money, particularly in a high interest rate environment, according to a new report from LendingTree. The potential savings breaks down to roughly $212 a month, or $2,547 per year on average, according to the report. But in states with higher home prices […]
On an enforcement streak since the U.S. Supreme Court rejected a challenge to its funding mechanism in mid-May, the Consumer Financial Protection Bureau (CFPB) is now targeting the use of what it deemed “unlawful or unenforceable” terms and conditions in contracts. On Tuesday, the U.S. consumer financial watchdog released a circular warning companies that use […]
Riyadh, Saudi Arabia — Saudi Arabia said Tuesday pilgrims can expect average high temperatures of 44 degrees Celsius (111 Fahrenheit) during the Hajj, which last year saw thousands of cases of heat stress. “The expected climate for Hajj this year will witness an increase in average temperatures of 1½ to 2 degrees above normal in Mecca […]
Los Angeles — How does it feel for Mick Jagger to be back on tour singing, dancing and strutting across stadium concert stages at 80 years old? “Like being on stage at 78,” the Rolling Stones frontman, who has thrilled audiences for more than six decades, said a day after playing a packed show outside Boston. […]
A study commissioned by the U.S. Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed to assess the state of the Home Equity Conversion Mortgage (HECM) program over a 20-year period. Released late last year, the study examined three core elements of HECM program effectiveness between 2000 […]
As the U.S. and much of the world will have to reckon with a population that is growing older at a faster rate, governments are determining the best courses of action to deliver on age-related initiatives. To that end, the U.S. Department of Health and Human Services (HHS) has delivered a strategic framework for a […]
The Consumer Financial Protection Bureau (CFPB) is creating a public database to identify nonbank financial companies that violate consumer laws, aiming to avoid recidivism trends. On Monday, the U.S. consumer financial watchdog announced that it finalized a rule establishing the new registry. It requires lenders caught violating consumer law to report certain final agency and […]
details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
More than nine in 10 adult members of Generation Z say that housing affordability is a key factor when deciding who to vote for in the upcoming U.S. presidential election, making it the top issue for that cohort as it prepares to go to the polls. This is according to a report released Monday by […]
Lakeland, Florida, now has the largest surplus, with 43% more homes for sale in April than it averaged from 2017 to 2019, according to ICE. Austin was next at 29% and San Antonio came in third at 27%. By contrast, the Connecticut metros of Annual home price gains continued to cool in April, marking the […]
ORAN, Algeria — Algeria wants to lure more visitors to the cultural and scenic treasures of Africa’s largest country, shedding its status as a tourism backwater and expanding a sector outshone by competitors in neighboring Morocco and Tunisia. The giant north African country offers Roman and Islamic sites, beaches and mountains just an hour’s flight […]
Mortgage subservicer Dovenmuehle Mortgage announced two promotions within its business development team this week. Anna Krogh was named senior vice president and director of business development, while Chris Torres is the new vice president of business development and manager for the Western region. Krogh joined Dovenmuehle in 2022 from Associated Bank in Chicago. She has […]
Roof AI, an artificial intelligence-powered sales assistant that helps real estate and mortgage companies generate revenue across their business units, announced the integration of OpenAI’s technology into its system, significantly boosting its capabilities. At the heart of this innovation is Roof AI’s sales assistant, which is now powered by advanced large language models (LLMs). This […]
details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
ABUJA, Nigeria — Nigeria adopted a new national anthem Wednesday after lawmakers passed a law that replaced the current one with a version dropped nearly a half-century ago, sparking widespread criticism about how the law was hastily passed without much public input. President Bola Tinubu’s assent to the law comes a day after it was approved […]
PARIS — Of all the decisions Paris Olympics organizers made about where to hold each sport, sending surfing competitions to the other side of the world — in the Pacific waters of Tahiti — provoked the strongest reactions. Tahitians and others railed against the building of a new viewing tower on Teahupo’o reef because of fears […]
Mortgage rates have been a bit more volatile recently due to hawkish Federal Reserve statements and inflation data, which has impacted some of the recent movement in the 10-year yield. But now we have the big jobs week coming up! So, what does this all mean for the housing market and the future of mortgage […]
washington — Chinese artists walk a tightrope when trying to create content acceptable to Beijing’s standards while attempting to seek success among Western audiences. More than one artist who has gained recognition in the West has been punished by Chinese censors, with Chinese filmmaker Lou Ye being the most recent case. The 2024 Cannes Film Festival […]
WASHINGTON — Marian Shields Robinson, the mother of Michelle Obama who moved with the first family to the White House when son-in-law Barack Obama was elected president, has died. She was 86. Robinson’s death was announced by Michelle Obama and other family members in a statement that said, “There was and will be only one Marian […]
A new Netflix series has turned attention to a historic red-light district in Pakistan. Set in Lahore, “Heeramandi: The Diamond Bazaar” is one of the most popular non-English series on the streaming platform. But as VOA’s Pakistan bureau chief Sarah Zaman reports, not everyone is happy with the attention. Videographer: Wajid Asad; video editor: Malik […]
details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. Since announcing their new CEO last year, Rocket has revealed more of its strategy through first-ever leadership positions that all carry one big theme — technology is the […]
Home Equity Conversion Mortgage (HECM) endorsements declined by 4.2% in March, a dynamic primarily driven by an drop in endorsements from the wholesale side of the business even as the retail side saw a month-over-month improvement in originations. This is according to data compiled by Reverse Market Insight (RMI). Retail endorsements gained 9% over their […]
Ginnie Mae, which manages the government-guaranteed portfolio of forward and reverse mortgage-backed securities (MBS), announced this week at a National Reverse Mortgage Lenders Association (NRMLA) event that it will release initial details of its forthcoming Home Equity Conversion Mortgage-backed Securities (HMBS) product as soon as next month. RMD submitted a request for comment to Ginnie […]
Homebuyer affordability declined in April, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI) released Thursday. The index measures how new monthly mortgage payments vary across time, relative to income, drawing from data from MBA’s weekly applications survey. The national median payment for purchase mortgage applicants was $2,256 in April, up from […]
Mortgage lenders GO Mortgage and PacRes struck a deal to merge their businesses, allowing them to gain scale and reduce the cost of originating a loan in a higher-for-longer mortgage rate environment. The financials of the transaction were not disclosed. “By uniting our unique capabilities and resources, we will achieve significant operational improvements,” Michael Isaacs, […]
ACCRA, Ghana — Meet Ace-Liam Ankrah, a Ghana toddler who has set the record as the world’s youngest male artist. His mother, Chantelle Kukua Eghan, says it all started by accident when her son, who at the time was 6 months old, discovered her acrylic paints. Eghan, an artist and founder of Arts and Cocktails Studio, […]
Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in Washington, D.C., on Wednesday. The news was first reported by […]
The share of older workers in the U.S. has grown significantly since the turn of the century, with 29.5% of workers in 2023 at least 65 years old, compared to 23% in 2000, according to a new report from the Employee Benefit Research Institute (EBRI). This occurred as labor force participation by older Americans between […]
The Consumer Financial Protection Bureau (CFPB) on Thursday issued a new request for information (RFI) from the public concerning “fees charged by providers of mortgages and related settlement services,” according to the RFI document reviewed by HousingWire. Part of a broader attack on what both the bureau and the Biden administration call “junk fees” — […]
The U.S. Department of Veteran Affairs (VA) announced on Wednesday that it has called on mortgage servicers to extend the moratorium on foreclosures for VA-guaranteed loans through Dec. 31, 2024, while these companies implement a new program to help struggling veterans. The current moratorium, announced in November, was set to end on Friday. It was implemented […]
The artists from South Africa’s Mzansi Gay Choir are known not just for their music, but also for their role in LGBTQI advocacy. Ihsaan Haffejee brings us this story from a rehearsal studio in Johannesburg, where the musicians gather for a practice session. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
Home equity fintech lender Point, in collaboration with its long-time financing partner Atalaya Capital Management, has successfully closed a $141 million rated asset-backed securities transaction. The securitization was completed on May 15 and marked Point’s second rated securitization and third overall deal in the secondary market, with all securities receiving ratings from Morningstar DBRS. Point […]
Calque, a company that partners with lenders to offer non-contingent mortgages to homebuyers, has announced new strategic partnerships with Fancher Mortgage Group and Jones Mortgage Group to extend its Trade-In Mortgage product. The collaborations aim to simplify the homebuying process by leveraging a homeowner’s existing equity to secure a new property before they sell their […]
Ninety-three percent of U.S. adults ages 55 and older view aging in place in their homes as an “important goal,” with 49% attributing aging as a reason they would choose to bring assistive technologies into their homes. This is according to surveys conducted in 2023 and 2024 by U.S. News & World Report. Results from […]
details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
Earlier this year, New Jersey-based mortgage broker Joe Racamato, president of Silex Financial Group Inc., changed his firm’s preapproval process for home purchase applicants. Racamato is now orienting his team to look closely at clients’ bank statements to find multiple — and often interest-free — installments of a few hundred or thousand dollars paid to […]
Tammy Richards Richards will oversee all operational aspects of Kind Lending, with a focus on scaling the company’s infrastructure and processes, the lender stated in a news release. In a prepared statement, Kind Lending President Yvonne Ketchum added that Richards will enhance operational efficiency as Kind continues to grow and innovate. According to the […]
Mortgage applications slumped heading into Memorial Day weekend. Applications decreased by 5.7% on a seasonally adjusted basis during the week ending May 24, according to the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey. The MBA said the 30-year fixed mortgage rate rose for the first time in four weeks, to 7.05% from 7.01%. (Other […]
Fathom Holdings, the parent company of cloud-based real estate brokerage Fathom Realty, appointed Jon Gwin as chief operating officer. He replaces Samantha Giuggio, who held the role since January 2022. Gwin brings a wealth of experience to the role, having previously held executive positions at American Financial Network, Wachovia Bank, Wells Fargo and Accredited Home […]