Origins: From managing restaurants to reverse mortgage partnerships
In the late 2000s, Ryan Schmidt was a restaurant manager with no real understanding of the reverse mortgage product. It wouldn’t take long for that to...
USA Mortgage’s Chelsea Vonder Haar on staying agile to meet loan officer needs
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders are...
Mortgage volumes remain under pressure at Wells Fargo, JPMorgan
Wells Fargo and JPMorgan Chase usually open the quarterly earnings seasons in the mortgage space, giving analysts something to chew on before nonbanks release their financial reports. In the first quarter...
Industry experts detail the benefits, challenges of AI
As artificial intelligence continues to grow in prominence, mortgage professionals “must carefully evaluate and manage” their use of AI and “focus on deriving the benefits while...
Reverse mortgage payouts have fallen, but borrowers may still find value: AARP
Reverse mortgage industry professionals have spoken for months about the consequences of high interest rates on their ability to pursue business, and now AARP has taken...
Will a wider war in the Middle East push mortgage rates higher or lower?
10-year yield and mortgage rates
There is nothing good to report on mortgage rates from last week. The chart below shows that we broke the critical technical...
Ginnie Mae to issue new pool-level disclosure in HMBS program
Ginnie Mae announced this week that it is adding a new pool-level, low-to-moderate income (LMI) disclosure to its Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.
The...
HUD names Lofton as Northwest regional administrator
The U.S. Department of Housing and Urban Development (HUD) announced the appointment of Andrew Lofton on Friday as its new administrator for the Northwest region, encompassing...
Low-rate mortgages are making a dent in job recruitment efforts
Job recruiters in the South are facing hurdles to attract skilled professionals from the Midwest despite offering competitive compensation packages, according to a Bloomberg report published...
Dream of homeownership feels unattainable to many Americans: Redfin
The ongoing lack of housing affordability is prompting more renters to doubt their ability to become homeowners. According to a recent Redfin survey, nearly 40% of...