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.
Mortgage
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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%.
Here’s another example of how proprietary loans are driving growth for the reverse mortgage market
Proprietary reverse mortgages drove industrywide volume to $9.65B in 2025 as HECM volume stalled and higher rates shifted product economics.
Couples can boost retirement savings with one simple conversation
Research found that just over 40% of couples actively coordinate their 401(k) contributions to maximize employer matching funds.
loanDepot picks Miami for new tech and fulfillment corporate center
loanDepot will open a new corporate center in Miami in September, establishing an East Coast hub that expands its national footprint and centralizes key corporate functions.
Don’t fall for a fake foreclosure crisis
A 21% rise in foreclosures reflects normalization, not a crisis, as new listings stay low and homeowner equity remains high.
AARP opposes expedited Social Security process proposed in PROMISE Act
While AARP agrees Congress must address Social Security, the organization wants lawmakers to do so through traditional legislative processes.
As CCM is poised to win the TWO bidding war, an integration test awaits
With CrossCountry Mortgage’s deal to acquire Two Harbors Investment Corp. one step closer to the finish line after securing shareholder approval, the focus is shifting to what may be the next major challenge: integrating the businesses.
FHA proposes partial claim model that drops subordinate liens
The Federal Housing Administration (FHA) is proposing a new structure, called Reinstatement Advance Payment (RAP), that would change how servicers document and service partial claims and payment supplements.