Mutual of Omaha remains No. 1 as HECM endorsements fall 4.7% in May
May HECM endorsements fell to 1,967, down 4.7% from April. Mutual of Omaha Mortgage led with 423 and a 21.5% market share.
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Fidelity data shows record retirement savings, rising Roth adoption
Combined employer and employee contributions for 401(k) savers hit 14.4%, approaching Fidelity’s suggested 15% target.
Elizabeth Warren presses Bilt on payment disruptions during bank shift
U.S. Sen. Elizabeth Warren is demanding answers from Bilt Rewards over reports that customers experienced payment disruptions and account issues during the company’s transition between banking partners.
Pennsylvania lawmakers set to vote on home equity investment regulations
House Bill 2120 would place shared appreciation agreements under the same statutory safeguards as other home-secured financial products.
Home equity cap tied to Medicaid eligibility is set to change
New Medicaid rule will cap home equity at $1 million for long-term care eligibility beginning in 2028, potentially affecting senior homeowners.
Smartfi offers 50-bps reverse mortgage discount for veterans
Smartfi Home Loans introduced Choice Service, a 50-bps rate reduction on its proprietary reverse mortgage for eligible veterans.
Atlas VMS’s Erik Morin on HECM second appraisals, AIM-Port acquisition
Atlas VMS says 8.3% of HECM loans needed a second appraisal in Q1 2026 versus 10.4% in Q4 2025, adding cost and time.
As HEI regulations expand, states debate loan classification
State HEI legislation is expanding as Maine sets standards, Illinois updates licensing and other states debate whether HEIs are loans.
HouseAmerica Financial joins All Western Mortgage
HouseAmerica Financial joins All Western Mortgage, a $500M lender, as AWM targets $3B in 2026 funding and expands in California.
House passes bill hiking VA mortgage refi fees to fund expanded veterans’ benefits
The U.S. House of Representatives on Thursday passed a bill that increases benefits for veterans and their surviving families, offsetting the cost by raising fees on VA refinance transactions.