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AI usage is becoming the new standard for most brokerages

January 29, 2025 by bp56691
The use of artificial intelligence (AI) is becoming the new norm for many real estate agents and brokerages. Real estate technology provider Delta Media released a new report that highlights a sharp jump in AI usage from last year.
Categories Artificial Intelligence, Brokerage, HWmember, Real Estate, Real Estate Agents, Technology

RMF-backed proprietary securitization undergoing further review

January 29, 2025 by bp56691
A securitization of private reverse mortgages originated by RMF needs further review stemming from the lender’s 2022 bankruptcy.
Categories Celink, Credit Rating Agency, HWmember, Longbridge Financial, Reverse, Reverse Mortgage Funding

Senate banking chairman says CFPB changes could come ‘soon’

January 29, 2025 by bp56691
Senate banking chairman says CFPB changes could come ‘soon’
As Joe Biden’s CFPB director remains in his post, a key congressional ally of Donald Trump said changes at the agency could be imminent.
Categories CFPB, Donald Trump, HWmember, Mortgage, Politics, Regulatory, Trump Administration, U.S. Senate

Concierge Auctions and Luxury Presence team up on marketing

January 28, 2025 by bp56691
The collaboration gives Luxury Presence’s clients the ability to promote upcoming auctions and use the Concierge Auctions platform.
Categories Housing Market, HWmember, Luxury Real Estate, Real Estate

Dunmor CEO Franck Ruimy on Newfi partnership and the residential investment lending sector

January 28, 2025 by bp56691
Dunmor CEO Franck Ruimy on Newfi partnership and the residential investment lending sector
Even as high interest rates impact the housing market, Dunmor’s CEO anticipates a strong year for investor purchases and new developments.
Categories HWmember, Investment, Lenders, Mortgage, Multifamily, Non-QM, Real Estate Investing, Technology

Texas, Arizona lead boom of new build-to-rent homes

January 28, 2025 by bp56691
Over 110,000 single-family rentals (SFR) are under construction in the U.S. — and two states are leading the way.
Categories Arizona, build-for-rent, Housing Market, HWmember, Single-Family Rentals, Texas

WalletHub says these are the best states for retirees

January 28, 2025 by bp56691
Personal finance website WalletHub this week released its rankings of the best and worst states to retire in 2025. It determined that Florida, Minnesota and Colorado are the friendliest states for retirees, while Mississippi, Louisiana and Kentucky are at the opposite end of the spectrum.
Categories Colorado, Florida, HWmember, Minnesota, Retirement, Reverse, WalletHub

Mr. Cooper agreed to a $5.8 million settlement. Who is eligible for relief?

January 28, 2025 by bp56691
Nationstar Mortgage — currently doing business as Mr. Cooper — has agreed to settle a lawsuit which alleges that the company violated mortgage servicing laws and forced borrowers into foreclosure.
Categories HWmember, Lawsuit, Legal, Mortgage, Mortgage Servicing, Mr. Cooper Group, Servicing

Will we see home prices decline in 2025?

January 27, 2025 by bp56691
Will we see home prices decline in 2025?
Homes sales have been down for weeks. But prices could turn negative this spring, according to new data from Altos Research.
Categories Altos Research, Data & Visuals, Home Prices, Home Sales, Housing Inventory, Housing Market, HWmember

CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages

January 27, 2025 by bp56691
The CFPB compared elements of home equity contract products to reverse mortgages, and said they are residential mortgage loans in an amicus brief.
Categories CFPB, HECM, Home Equity, HWmember, Lawsuit, Mortgage, Regulatory, Reverse
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