Powell makes it clear: No rate cuts anytime soon
Powell: “Right now, given the strength of the labor market and progress on inflation so far, it’s appropriate to allow restrictive policy further time to work...
Retail losses lead February decline in reverse mortgage volume
Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for...
GSEs will not count buyer agent commissions as IPCs
Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored...
Coastal California metros were the priciest in March: Zillow
Competition in the housing market is heating up heading into May and June. Home prices are surging in major U.S. metros, with coastal California cities and Seattle...
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...