Washington, D.C. moves to bolster reverse mortgage foreclosure protections
A D.C.-based reverse mortgage foreclosure prevention program is being expanded to encompass more district residents, after a successful pilot program.
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Mortgage servicing executives grapple with tech stack questions
Servicing companies that don’t embrace new technology will see the existing gap grow to a chasm. But finding the right vendor isn’t easy.
Fannie Mae says housing market optimism inched up in January
Homebuyer confidence edged up in January despite affordability concerns, according to Fannie Mae’s latest Home Purchase Sentiment Index.
Newrez parent Rithm Capital posts 57% profit growth in 2024
Rithm Capital, which owns multichannel mortgage lender Newrez, built upon its success in 2023 with net income of $835 million in 2024. That figure represented a 57% increase from its profit of $533 million a year earlier.
Longbridge, Mutual of Omaha granted delay in reverse mortgage marketing lawsuit
The lawsuit and countersuit alleging deceptive reverse mortgage marketing practices has seen key deadlines pushed to the end of March and mid-April, respectively.
Tennessee official, citing property tax relief, notes more interest in reverse mortgages
A Tennessee official noted rising interest in reverse mortgages from area seniors when discussing property taxes on a local radio station.
Better announces ‘Better Forever’ borrower loyalty program
The program is designed to reward customers by waiving origination fees on future refinance or purchase loans. Customers who previously funded a loan through Better on or after Jan. 1, 2019, are automatically enrolled in the program.
HECM endorsements, HMBS issuance see relatively little movement to start 2025
HECM endorsements increased by less than 1% from December to January, while HMBS issuance is historically low but still healthy.
Foreclosures are drying up — and it’s showing in sales data
Foreclosure activity has declined significantly since the housing crisis of the late 2000s, and distressed home marketplace Auction.com reported this week that it expects the number of foreclosure-auction sales in 2025 to drop to the second-lowest total on record.
Altos founder Mike Simonsen on housing market trends and growth predictions
In this week’s episode of the RealTrending podcast, host Tracey Velt is joined by Altos Research founder and president Mike Simonsen to discuss expectations for the housing market and the impact of the Trump administration’s policies.