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Florida has built 77,000 new homes in high-risk flood areas

Housing Wire

Robert Gordon, a senior vice president at the American Property Casualty Insurance Association , told the Journal that mortgage lenders need to be more involved in these processes. But the dynamics are evolving, and the fallout from storms like Helene and Milton are playing havoc with the intersection between mortgage and insurance.

Insurance 497
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FOA seeks to ‘modernize’ reverse mortgage outreach efforts to seniors

Housing Wire

Finance of America (FOA), the leading reverse mortgage lender, presented a robust outlook last week in its third-quarter 2024 earnings and is aiming to hit the ground running with business in 2025. The product was first introduced in 2018, marking the industry’s first-ever second-lien reverse mortgage option.

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Real estate execs launch coaching platform with an eye for helping fellow women

Housing Wire

A group of current and former real estate executives have launched The Helm, a coaching platform designed to provide professional development to a more diverse audience. eXp Realty is also facing lawsuits from women who claim that recruiters Michael Bjorkman and David Golden drugged and raped them at company events.

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Taking the Pulse of Mortgage Servicing: Industry Leaders on What’s Ahead

Appraisal Buzz

The mortgage servicing landscape has long been a crucible of change, where today’s decisions lay the groundwork for the industry’s future. Formed in 2023, the MSEA is a platform for nurturing the next generation of mortgage leaders. Here’s what our panel of mortgage servicing executives had to share.

Mortgage 410
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All Eyes on Purchase at Engage Marketing event June 17

Housing Wire

HousingWire’s fourth-annual Engage Marketing event will feature experts focused on the specifics of mortgage and real estate in a purchase market. The MBA is estimating record purchase volume for the rest of this year, but climbing mortgage rates and low inventory mean it won’t be easy to capture your share of business.

Marketing 391
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A growing Fannie Mae “blacklist” is paralyzing home sales

Housing Wire

If a condo is on this list, its significantly harder for prospective buyers to get a mortgage, making it nearly impossible to sell. Many condos are being added to a “blacklist” by Fannie Mae due to the properties not having enough insurance or needing major repairs. Some lenders and insurers have abandoned markets altogether.

Insurance 334
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Home equity access: How Finance of America bolsters the market with home equity products

Housing Wire

In today’s economy, mortgage rates and housing expenses have consistently risen. However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market.

Finance 370