A former regional operations manager at CrossCountry Mortgage (CCM) is suing the company over allegations of age discrimination and wrongful termination for her refusal to participate in illegal activities. Penny Smith, 61,... Read more »
Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions, which will include reverse... Read more »
As we look ahead to October 2024, the forecast for mortgage interest rates indicates a potential decline. By the end of October, many experts predict that mortgage rates might hover around 5.95% to 6.25% for the 30-year fixed-rate... Read more »
Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride so far this year? My 2024 forecast had a mortgage rate range of 7.25%-5.75%. To get... Read more »
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 »
Federal Housing Administration (FHA) Commissioner Julia Gordon thinks that more U.S. Department of Housing and Urban Development (HUD)-approved housing counselors should be trained to work with Home Equity Conversion Mortgage (HECM) borrowers,... Read more »
The National Reverse Mortgage Lenders Association (NRMLA), the reverse mortgage industry’s leading trade association, is preparing to host its 2024 Annual Meeting and Expo on Sept. 24-26 in San Diego. The event... Read more »
“If we took the worst levels of the spreads from 2023 and incorporated those today, mortgage rates would be 0.58% higher right now,” Mohtashami wrote. “While we are far from being average with... Read more »
Imagine a world where buying your dream home doesn’t seem like an uphill battle, where the idea of owning property isn’t a far-off fantasy but an attainable goal. Well, lower mortgages are on... Read more »
Fewer than one in five California households have paid off their homes, the lowest of any state in the U.S. But their numbers are rising. Some 18 percent of the state’s 13.7... Read more »