The National Reverse Mortgage Lenders Association (NRMLA) announced that it will return to the Western U.S. for its 2024 annual meeting, which will take place slightly earlier in the year than usual,... Read more »
Despite looking a bit different at the end of 2023, there were a lot of similarities in the full-year Home Equity Conversion Mortgage (HECM)-backed securities (HMBS) issuance tables when compared to recent... Read more »
Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the 30-year fixed... Read more »
Homebuyers are getting some relief in 2024 as mortgage rates recede from their 20-year high point of last October. A homebuyer with a $3,000 monthly budget has gained nearly $40,000 in purchasing... Read more »
There were a total of 361 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) related to the reverse mortgage industry during the calendar year 2023, according to a consumer complaint... Read more »
Mortgage rates stabilized in the past week but remain close to the narrow range observed since the start of this month. The 30-year fixed-rate mortgage averaged 6.69% as of Jan. 25, an... Read more »
Finance of America Companies (FOA) Chief Marketing Officer Chris Moschner found himself working for the lender in the wake of its acquisition of American Advisors Group (AAG), and Moschner previously told RMD... Read more »
Nonqualified mortgage (non-QM) wholesale lender A&D Mortgage has obtained licenses to originate loans in Arkansas and Mississippi, the company announced on Thursday. “This expansion is not only about growing our business; it’s... Read more »
If you are a prospective homebuyer or homeowner looking to refinance your mortgage, you might be wondering when will mortgage rates go down to 3% in the US. The answer is not... Read more »
Delinquencies rose in December but the rise is mostly due to the calendar: December ended on a Sunday, so payments made on the last day of the month were credited to January.... Read more »