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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

MLS PIN preliminary settlement approval hearing set for April

January 27, 2025 by bp56691
After 16 months of back and forth, Judge Patti B. Saris has made it clear that she is ready to move on from the Nosalek commission lawsuit.
Categories Commission Lawsuit, HWmember, Legal, NAR Lawsuit Settlement, national association of realtors, Real Estate

Indigo secures $8M in funding for expansion in 2025

January 27, 2025 by bp56691
Home negotiations technology platform Indigo just received a large investment to expand its operations in 2025. The company announced this week that it secured $8 million in funding to offer better insights and cohesiveness to real estate agents.
Categories Artificial Intelligence, Brokerage, HWmember, Real Estate, Technology, Venture Capital

Remodeling industry could benefit from focus on aging in place

January 27, 2025 by bp56691
Consumers seeking remodeling work are focused on efforts that could “future-proof” homes for later life and aging in place.
Categories Aging in Place, HWmember, Remodeling Activity, Reverse

Jason Cave joins Mr. Cooper team as SVP for Government Affairs

January 25, 2025 by bp56691
Cave previously held various leadership roles at the Federal Housing Finance Agency and Federal Deposit Insurance Corporation.
Categories HWmember, jason cave, Mortgage, Mr. Cooper, Mr. Cooper Group, People Movers, Servicing

What can President Trump do to help the housing crisis?

January 25, 2025 by bp56691
What can President Trump do to help the housing crisis?
In addition to the usual economic data, Lead Analyst Logan Mohtashami looks at what President Trump could do to affect the housing market.
Categories Federal Reserve, Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates

Newrez president Baron Silverstein on client retention and third-party servicing

January 25, 2025 by bp56691
In this week’s PowerHouse episode, Newrez President Baron Silverstein dives into his company’s recent acquisitions and its growth strategy.
Categories HWmember, Mergers and Acquisitions, Mortgage, Mortgage Servicing, MSRs, NewRez, Podcast, Podcasts, Servicing

CFPB received fewer reverse mortgage complaints in 2024

January 24, 2025 by bp56691
The share of reverse mortgage complaints to the CFPB last year accounted for roughly 1.4% of the total number of mortgage complaints submitted to the bureau.
Categories Celink, CFPB, Foreclosure, HECM, HWmember, Onity Group, Regulatory, Reverse

‘Silver tsunami’ could propel change at low-enrollment WA college

January 24, 2025 by bp56691
A state senator in Washington wants to close a low-enrollment college and transform it into a health sciences campus, citing the “silver tsunami.”
Categories HWmember, Long-term care, Retirement, Reverse, Washington

CoreLogic adds aerial imagery partner for post-disaster AI analysis

January 24, 2025 by bp56691
CoreLogic has integrated Vexcel’s high-resolution disaster response aerial imagery within CoreLogic Weather Insight.
Categories CoreLogic, Housing Market, HWmember, Weather, Wildfire
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