White House expects reverse mortgages to continue producing government receipts
The White House expects continued performance from the HECM portion of the MMI Fund, according to a recent budget document.
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Prudent AI debuts non-QM underwriting tool
The tool applies investor-specific guidelines during initial evaluations, offering lenders and brokers an earlier look at a loan’s viability.
Two maps that show where the housing market is struggling
Grades on market conditions for both the resale and new-home markets show that sentiment among agents and builders is souring.
HUD walks back prior default guidance as too ‘burdensome’ for mortgage servicers
A new mortgagee letter said that some of the Biden administration’s final servicing guidance was too “burdensome,” resulting in changes.
Global reverse mortgages in the news: growth, delay and launch
Reverse mortgages are seeing growth in Canada, setbacks in Australia and a new product launched in South Korea.
The best state to age in place is not where you think
If you think the best state for aging in place is a popular retirement destination, a new report encourages you to think again.
Hall Willkie steps down as president of Brown Harris Stevens
An industry veteran, Willkie has been with Brown Harris Stevens for 37 years. He will remain at the firm as a full-time consultant.
Mortgage rates aren’t hampering millennials’ homebuying interest
A recent Realtor.com survey found that 23% of millennials plan to buy a home in the next six months, up from 15% in September 2024.
Mat Ishbia: GSEs acting ‘private’ in conservatorship could be best of both worlds
Mat Ishbia, president and CEO of United Wholesale Mortgage, is confident that if ending the conservatorship results in higher rates, it’s unlikely the government will move forward with it.
Top Florida real estate team joins Compass
The seven-member Tinka Ellington Group has closed more than $254 million in sales and has more than 25 years of combined experience.