How a government shutdown could impact reverse mortgages
If a government shutdown happens, here are the likely reverse mortgage business impacts based on recent history and HUD’s contingency plan.
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Pre-retirement anxiety is rising, but current retirees are optimistic
Pre-retirement anxiety is rising, but current retirees are pleasantly surprised by how their retirements are going, according to survey data.
Compass in negotiations to buy HomeServices of America
The news was reported Thursday afternoon by The Wall Street Journal. The outlet cited unnamed sources and said that a deal “could come together soon, if talks don’t hit any last-minute snags.”
Supreme Lending looks to expand along the West Coast
Mortgage industry veterans Eli Fairfield and Brian Keranen have joined Everett Financial (dba Supreme Lending) as regional directors for the Pacific Southwest, the company announced. Fairfield and Keranen bring decades of experience in mortgage lending, as loan originators and managers in California.
Los Angeles suspends new Section 8 applications, approvals amid federal uncertainty
The organization explained that it made the move because it does not expect Congress to appropriate enough federal funding to continue support for the program this year.
Finance of America reports Q4 loss, full-year profit for 2024
FOA remains bullish about reverse mortgage industry prospects despite some market turbulence, its leaders said this week.
Fathom teases new agent revenue-sharing model
On Fathom Holdings’ fourth-quarter 2024 earnings call on Wednesday, CEO Marco Fregenal mentioned a new revenue-sharing model that will launch “soon.” The plan is designed to help agents close more business.
ICE Mortgage Technology debuts asset and audit analysis tools
The products, which are fully integrated into the Encompass system, allow mortgage professionals to quickly and accurately streamline lending processes, improve accuracy and support compliance efforts, the company said.
Older Americans are increasingly reliant on credit cards to cover basic living expenses
Large shares of older Americans are increasingly reliant on credit cards to cover basic expenses, including for housing, according to AARP.
Judge reportedly leans toward pause in Trump’s actions to unwind the CFPB
A district court judge is reportedly weighing whether to issue a longer-term pause on DOGE-led efforts to wind down the CFPB.