HomeEquity Bank, the leading reverse mortgage lender in Canada and a Schedule I federal bank in the country, announced on Wednesday that its longtime president and CEO Steven Ranson will retire effective... Read more »
Despite continued pessimism surrounding mortgage rates, home buyers and sellers are feeling a bit more confident in the housing market lately, according to recent data from Fannie Mae. The latest Fannie Mae... Read more »
Last month, Northeast regional lender WSFS Mortgage released the results of a survey that measured reverse mortgage product sentiments. It found that more people seem to be aware of the potential value... Read more »
The Mortgage Bankers Association (MBA)’s policy advocacy group, the Mortgage Action Alliance (MAA), is urging its members in the state of Massachusetts to support the continued use of remote telephone and video... Read more »
After a few months of downward data in its performance metrics, the reverse mortgage industry saw a slightly different story play out in March that should come as welcome news. Home Equity... Read more »
Reverse mortgage professionals in Massachusetts will be reliant on their borrowers’ ability to complete their required counseling sessions under the state’s face-to-face mandate following the expiration of a provision temporarily relaxing the... Read more »
In the March rate update, we discussed why Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgages (HECMs) utilize two interest rates. The “expected rate” is unique to reverse mortgages and is calculated... Read more »
Mortgage demand receded for the third consecutive week despite slightly lower mortgage rates. Mortgage applications decreased by 0.6% on a seasonally adjusted basis during the week ending March 29, according to the... Read more »
Mortgage technology company Aidium Mortgage CRM has closed a $19 million Series A funding round, led by growth equity firm PeakSpan Capital. Boulder, Colorado-based Aidium offers originators a customer relationship management platform that integrates sales and marketing... Read more »
Mortgage rates remained stable this week as the personal consumption expenditures (PCE) inflation report matched economists’ expectations. As a result, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional... Read more »