Rural seniors face growing repair crisis with aging homes
Older housing stock, fixed incomes, severe weather and rising costs can combine to make even basic maintenance financially out of reach.
Mortgage
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UWM lines up record $2.05B Ishbia–Oaktree capital raise as it posts Q2 loss
UWM Holdings Corp. is pairing the announcement of a record $2.05 billion strategic capital partnership with its second-quarter 2026 results, which show the nation’s largest mortgage lender is still leaning into growth despite higher leverage and moving into the red.
Finance of America grows reverse mortgage volume despite Q2 net loss of $29M
Finance of America Companies Inc. (FOA) grew its reverse mortgage and home equity funding volume 21% year over year in the second quarter of 2026, even as non-cash fair value marks in its portfolio business drove a net loss of $29 million from April through June.
loanDepot narrows Q2 net loss as home equity lifts margins
loanDepot cut its Q2 net loss to $6.6M as revenue rose 18% to $337.3M and originations increased 4% to nearly $8B.
Vishal Garg steps down at Better, board names Daniel Lewis interim CEO
Better Home & Finance Holding Co. has appointed board member Daniel Lewis as interim CEO effective immediately, replacing founder Vishal Garg, the company announced Monday.
FOA leads July HECM endorsements while HMBS issuance remains weak
Home Equity Conversion Mortgage endorsement declined in July after an uptick in June, while HECM Mortgage-Backed Securities issuance remained near the lowest levels seen since 2009, according to data released Monday by New View Advisors.
Regulators move to narrow CRA, drawing fire from advocates
Federal banking regulators released a Community Reinvestment Act (CRA) proposal Friday that narrows how banks earn credit for community development while raising asset thresholds for small and midsized institutions.
Medicare Part D support cut amid rising retiree costs
The Trump administration announced it will end a temporary Medicare Part D premium stabilization program after the 2026 contract year.
Chris Gallo enters guilty plea in federal mortgage fraud case
Chris Gallo, once one of the nation’s top mortgage loan officers, has pleaded guilty to conspiracy to commit bank fraud in federal court in New Jersey, according to court filings.
Pennymac profit drops in Q2 as rates bite, layoffs follow
Pennymac posted Q2 net income of $22 million, down 84% YoY, as lock volume fell 18% and adjusted ROE slipped to 7%.