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John Rogers is a well-known name in the world of mortgage and real estate data analysis. Rogers met with HousingWire to discuss his new role and cover a variety of topics, including artificial intelligence (AI), climate risk and land development. NP: You work directly with land developers too. Last year, there was 28.
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. Developers continue to build in these areas with few obvious signs of slowing, the story said. “La A lot of times that’s not happening right now.”
Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Independent mortgage banks play a key role in making this a reality, and this summit will shine a spotlight on their essential contributions to our housing market.”
It also operates outside of the regulatory purview of other home-equity tapping products, including the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage ( HECM ). Department of Housing and Urban Development (HUD)-certified housing counseling agency prior to the loans origination.
Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” To get a better idea of the potential impact that HMBS 2.0
homeowners with mortgages nationwide have an interest rate higher than or equal to 6%, the highest percentage since 2016. of homeowners who hold mortgages is less than 6%. of homeowners with mortgages had a rate below 6% in Q3 of 2023. The pandemic-era record low of 2.65% for mortgage rates has already been more than doubled.
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.
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.
Representatives from lenders and servicers, as well as individual originators, have told HousingWire s Reverse Mortgage Daily (RMD) that its imperative for borrowers to let their servicer know about anything that could impact the occupancy of their property due to the terms of Federal Housing Administration (FHA)-backed reverse mortgages.
When I notice a significant increase or decrease compared to estimates, I often suspect that revisions will be made or that a one-time event may have influenced the figures. Mortgage rates have been rising and the housing market is also experiencing the impacts of hurricanes. This is 17.3 percent (±12.8 percent (±19.0
A bill that would seek to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product inside New York state is getting pushback from industry advocates. Leroy Comrie (D-Queens), who introduced the bill on Jan. Again, it’s very concerning, Irwin said.
After taking the time to digest elements of a proposal from lawmakers in Hawaii , the National Reverse Mortgage Lenders Association (NRMLA) has expressed support for a measure to establish a state-run Home Equity Conversion Mortgage ( HECM ) program there. At that point, the Hawaii Housing Finance and Development Corp.
Richelle Hopkins of Mutual of Omaha Mortgage has been a reverse mortgage professional for 20 years, moving to Arizona in 2006. At a recent WIFS Phoenix event, Hopkins was able to bring a discussion about reverse mortgages to attendees and sat down with HousingWire ’s Reverse Mortgage Daily (RMD) to share details about the experience.
The event serves as a starting line for conquering next year. With less than 100 days left until these leaders meet in Austin, Texas at the Hyatt Lost Pines, sign up today to not only optimize your time at the event, but also to take advantage of some of the lowest rates available.
The mortgage industry has traditionally been dominated by men, and although we have made laudable progress, women in our space still face challenges in terms of pay equity, bias, and advancement. Women do hold a dominant percentage of Mortgage Processor positions, at 78%, and 56% of marketing positions.
The National Reverse Mortgage Lenders Association (NRMLA) announced that it will return to the Western U.S. The 2018 edition of the event was the last one to take place in San Diego, which was also the last edition of the event held on the West Coast. The 2024 NRMLA Annual Meeting and Expo will be held Sept.
Central, when the Five Star Institute , in partnership with Global Strategic , present “ Partnering for Performance: Mortgage Operations Outsourcing.” The Five Star Institute Webinar Series aims to broaden the horizons of the mortgage industry. He joined the Covius team in March of 2013 as SVP of Operations.
Reverse mortgage industry conferences are often seen as an effective way for professionals to meet up, discuss best practices from across their markets and assess the regulatory environment at entities like the Federal Housing Administration (FHA) and within the states. Occasionally, U.S.-based Why make the trip? they explained.
Bond credit-rating organization Moody’s Investors Service has reaffirmed its “above-average” rating for the reverse mortgage servicing performance of Celink , which is the current holder of the U.S. In 2023, Celink renewed subservicing deals with major reverse mortgage lenders including Finance of America and Mutual of Omaha Mortgage.
In its quarterly earnings call on Thursday, CEO Jay Farner and CFO Julie Booth described a sophisticated company that has developed a product solution for every piece of the home-buying and home-selling ecosystem. Mortgage, title, appraisal, servicing, iBuying, real estate brokerage , green energy — the gamut. Become a member today.
He is overseeing the sizable government portfolio of mortgage-backed securities (MBS) while navigating the company’s stated need for more budgetary resources. Department of Housing and Urban Development (HUD) and the Office of Management and Budget (OMB), and recent budget cycles have shown Congress’s support as well.
26 in Dallas, provided valuable insights into the forces shaping the mortgage and housing markets in 2025. Logan Mohtashami, an expert in the mortgage and housing ecosystem and lead analyst for HousingWire, set the tone with this optimistic message. The HousingWire Economic Summit, held Feb. The worst is behind us. Those who dont?
I’m calling developers asking about vacancies to see if we can figure out some short-term rentals to house people,” he said. While California law does not require homeowners to have fire insurance, most mortgage lenders do. . “We’ve got clients calling us frantically looking for leases.
The challenges that higher costs place on carriers, regulators , lenders and consumers has been well documented this year, and the acceleration of extreme weather events has only made things worse. And it raises questions about how more of these events could impact the mortgage industry. That’s no longer the case. “I
Entering the mortgage industry as a loan officer can be both exciting and overwhelming. The first year is crucial for developing the habits, relationships, and skills that lay the foundation for long-term success. Start a weekly networking event at a central, affordable location.
Whether it’s infrastructure developments, seasonal shifts, or political events like the upcoming election, these micro-shifts create opportunities for educated buyers and sellers. Leveraging micro-market shifts Realtors have an opportunity to use local market changes to drive urgency for their clients.
Lennar Mortgage , a financial services subsidiary of Lennar Corp. will move its servicing operations to the industry-leading MSP loan servicing system from ICE Mortgage Technology , ICE announced on Monday. It can also be used as a channel for mortgage holders to seek assistance in times of distress.
1 loan originator in the country by volume for at least five years, is assuming the role of president at Rate Mortgage , the company announced Tuesday. 8 on the Inside Mortgage Finance ranking of top originators at just under $40 billion. 1 mortgage company in America. 1 mortgage company in the country.
It offers a wide variety of services in the mortgage and real estate spaces, including pipeline development, integration support, recruiting, branding, strategic partnerships, sales support, events, mergers and acquisitions, and fundraising. Maverix was founded in 2024 by Kennedy and is based in Charlotte.
Department of Housing and Urban Development (HUD) Office of Housing Counseling (OHC) has made a series of updates to its Housing Counseling Program Handbook, including extensive additions, consolidations and reorganizations to a section focused on the Home Equity Conversion Mortgage (HECM) program.
Credit education advocate Sue Buswell , known widely in the mortgage industry for her “Sue Knows the Score” initiative, died unexpectedly this week. Buswell, a business development executive for Gridavate , was 58. We miss you, Sue, and we honor you with every page.”
Every borrower wants to believe their homeownership journey will be smooth sailing, without financial hardships or missed mortgage payments. But as the last few years have taught us, unforeseen events like COVID-19, natural disasters , inflation and low affordable inventory make mortgage relief awareness critical.
University Bank ’s reverse mortgage division has added four key hires across different disciplines as it prepares to grow further in the reverse mortgage space. Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year.
The global pandemic hit our industry like a pair of defibrillator paddles, bringing mortgage industry CFOs to life and sending millions of dollars into new technology investment and implementation. Development of this technology was slow initially compared to other markets, but COVID has accelerated it into high gear. housing industry.
Onity Group , parent company of top five reverse mortgage lender and servicer Liberty Reverse Mortgage , will acquire reverse mortgage assets from Mortgage Assets Management, LLC (MAM), a subsidiary of investment funds managed by Waterfall Asset Management. Onity became involved in reverse mortgage servicing with a $12.4
Nguyen, who emigrated from Vietnam to the United States and fell into the mortgage business about 14 years ago after leaving an unsatisfying career in finance, has capitalized on the historic mortgage boom like few others. The rest of this content is for HW+ members. Join today with an HW+ Membership ! Already a member?
Gordon echoed some of her recent statements at a housing counseling event, where she alluded to the idea that education will be important in addressing the needs of seniors. Gordon hopes that this continues to be a point of collaboration between members of the reverse mortgage industry and officials at the U.S.
An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work. The home, designed by Lloyd Wright for real estate developer Joseph Jacob (JJ) Walser Jr.,
To get a better idea of what prompted the letter and his interest in the reverse mortgage program, RMD reached out to Braun’s office with a series of questions about his perspectives. ‘Red When asked to expand on that thought, Braun explained that additional transparency into an important event like the RMF collapse is necessary.
For instance, homeowners insurance and mortgage insurance facilitate a prospective homebuyers access to mortgage credit, and after a disaster, an insurance claim payout can lessen the financial shock and help the homeowner rebuild, preserving hard-earned home equity. housing market.
Census Bureau and the Department of Housing and Urban Development. Unsurprisingly, another month of record-low mortgage rates, limited supply of existing homes, and a wave of millennial buyers resulted in the market maintaining a blistering sales pace in the start of 2021. above December’s rate, and a whopping 19.3% in the West.
Department of Housing and Urban Development (HUD), will be returning for the third consecutive year to the National Reverse Mortgage Lenders Association ‘s (NRMLA) Annual Meeting and Expo that will take place in San Diego in September. Julia Gordon The announcement was made by NRMLA in an email alert to its membership.
Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Industry workers didn’t pull back on investing in professional development, with the majority (51%) spending money to reach potential clients. in events to garner business.
Editor in Chief Sarah Wheeler sat down with Melissa Langdale, president and chief operating officer of The Mortgage Collaborative , to talk about the recent FHFA TechSprint focused on gen AI use cases in housing. The use case developed by Langdale and her team was recognized as the most promising use case of gen AI for consumer experience.
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