Mortgage Forward to acquire First Federal Bank’s TPO division
Mortgage Forward will acquire First Federal Bank’s TPO unit, including QRL Financial, with closing expected in Q3 2026.
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Secondary mortgage market waits for data, creates workarounds amid shift to alternative credit scores
In the secondary market, investors and credit rating agencies are awaiting additional performance data while developing workarounds to keep loans moving through the system.
Achieve expands fixed-rate HELOC with $700,000 cap
Achieve raised its fixed-rate HELOC cap to $700,000 and lowered the starting APR to 5.5%, with up to 90% LTV and 50% DTI.
Social Security, Medicare solvency could be examined by bipartisan commission
Rather than advancing immediate policy changes, the panel would study financial outlooks and submit recommendations for lawmakers to consider.
Trump’s executive order unlikely to slow adoption of AI in real estate
eXp CTO Carrie Lysenko warned of three risks that matter most for real estate operators right now. The first is data exposure.
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.
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.