The biggest challenge for the reverse industry in 2024? Mortgage rates

The biggest challenge for the reverse industry in 2024? Mortgage rates

Reverse mortgage business — and mortgage business generally — is not where people want it to be. That was a repeated idea shared by a group of reverse mortgage professionals when asked... Read more »
Rate announces revamp of reverse mortgage division with industry veterans

Rate announces revamp of reverse mortgage division with industry veterans

Chicago-based multichannel mortgage lender Rate, formerly known as Guaranteed Rate, has announced a shakeup in its reverse mortgage division’s leadership by appointing two longtime industry veterans to lead the company’s efforts with... Read more »
Real estate industry challenges, change and what to watch in 2025

Real estate industry challenges, change and what to watch in 2025

Additionally, DellaPelle noted that higher rate of office vacancies also impacts local small businesses such as dry cleaners and sandwich shops, as fewer people visit local businesses to take care of needs... Read more »
HUD counseling head says partnership with reverse mortgage industry ensures seniors’ safety

HUD counseling head says partnership with reverse mortgage industry ensures seniors’ safety

David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S.  Department of Housing and Urban Development (HUD), addressed industry attendees at the National Reverse Mortgage Lenders Association (NRMLA)... Read more »
Newsom Signs Warehouse bill, provoking industry response

Newsom Signs Warehouse bill, provoking industry response

Gov. Gavin Newsom and the state’s commercial developers have drawn battle lines over a bill he signed to regulate construction of warehouses. After the governor signed Assembly Bill 98, commercial real estate... Read more »
NRMLA conference provides ‘a new energy,’ spawns hope for industry growth

NRMLA conference provides ‘a new energy,’ spawns hope for industry growth

The National Reverse Mortgage Lenders Association (NRMLA) concluded the 2024 edition of its Annual Meeting and Expo on Thursday afternoon. Those in attendance told HousingWire’s Reverse Mortgage Daily (RMD) that the event... Read more »
A month after seismic industry changes, real estate agents aren’t much more optimistic

A month after seismic industry changes, real estate agents aren’t much more optimistic

In the six months since news of the National Association of Realtors‘ (NAR) nationwide commission lawsuit settlement broke, agent attitudes toward the settlement’s required business practice changes have only slightly improved. This... Read more »
HUD counseling head says partnership with reverse mortgage industry ensures seniors’ safety

After industry criticism, FHFA revises changes to Suspended Counterparty Program

The Federal Housing Finance Agency (FHFA) announced on Wednesday it has changed its proposal to amend the Suspended Counterparty Program (SCP), offering a less severe version after several trade groups raised concerns... Read more »
HUD counseling head says partnership with reverse mortgage industry ensures seniors’ safety

The mortgage industry is hiring again – but at different terms

UWM, however, brings in people with no prior mortgage experience and provides extensive in-house training, according to chief strategy officer Alex Elezaj. This strategy requires careful planning, as hires are made months... Read more »
HUD counseling head says partnership with reverse mortgage industry ensures seniors’ safety

Driving Mortgage Innovation: How AI and digital lending are transforming the industry

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Tech Trendsetters award are open now through Monday, Sept. 30. Click here to... Read more »