Former Newrez head of marketing Bijoy John joins Guaranteed Rate
Guaranteed Rate hired Bijoy John, former head of marketing at Newrez, as its vice president of marketing.
John’s new tasks will include consumer direct marketing and the...
NYCB, a struggling $78B resi mortgage servicer, to receive $1B equity investment
A group of investors led by the former U.S. Department of Treasury Secretary Steven Mnuchin’s private equity firm, Liberty Strategic Capital, will inject $1 billion in...
Annual home price growth reached 5.8% in January: CoreLogic
U.S. home price gains reached their highest rate in a year in January, according to CoreLogic’s Home Price Index (HPI). But the data provider forecasts yearly...
Top NewRez/Caliber LO John Abraham departs for The Money Store
John Abraham, former top-producing mortgage loan officer at Caliber Home Loans/NewRez, has joined The Money Store. His team will be making the move with him.
Abraham...
The month in reverse mortgage rates: March 2024
The federally insured reverse mortgage known as a Home Equity Conversion Mortgage (HECM) is unique, as are the rates that impact the HECM product. For this...
Reverse mortgage retail originations beat wholesale numbers in 2023
The reverse mortgage industry already knew that Home Equity Conversion Mortgage (HECM) endorsement volume in 2023 was cut nearly in half compared to 2022, but new...
Warren Buffett dragged into real estate commission lawsuit fray
The legendary billionaire CEO of Berkshire Hathaway, Warren Buffett, has found himself at the center of one of the nation’s largest real estate commission lawsuits.
In an...
As the housing market bottoms out, educating the future mortgage pro becomes paramount
Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror.
In 2022 and 2023, quickly rising...
New Jersey bill seeks to require face-to-face counseling for reverse mortgages
A bill introduced in the New Jersey Senate would require face-to-face counseling for the state’s reverse mortgage transactions and would void any loans executed without proof...
Nevada real estate firms hit with second commission lawsuit
A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate...