Newsweek turns eye toward reverse mortgage pros and cons
A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and...
Are reverse mortgages for purchase a ‘sleeping giant?’ Pros are split
According to the most recent annual report to Congress by the U.S. Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for...
Expect the growth rate of existing home prices to cool down this year
From NAR: The median existing home price for all housing types in April was $407,600, an increase of 5.7% from the previous year ($385,800). All four...
Certainty Home Lending adds national business development leader
Dallas-based Certainty Home Lending, an affiliate of Guaranteed Rate, named Shadi Kamran as its new national business development executive. Kamran is based in Los Angeles and...
Planet Home Lending appoints new chief information officer
Connecticut-based lender, servicer and asset manager Planet Home Lending has appointed Bill Shuler as executive vice president and chief information officer. In his new role, Shuler...
SERHANT. appoints its first chief business officer
New York City-based brokerage SERHANT. is promoting its new development director, Jennifer Alese, to the position of chief business officer, The Real Deal reported on Monday.
Alese...
DOJ: Offers of agent compensation “should not be made anywhere”
Although Leal highlighted the DOJ’s belief that offers of compensation should not be anywhere, she did not explicitly say what specific changes the DOJ might look...
Chopra says he is ‘open to’ reviewing the LO comp rule
“As a general matter, we are taking a look at all the old rules, even the ones that were just a decade ago, to see how...
Polly integrates with nCino’s Mortgage Suite
Mortgage capital markets tech firm Polly announced on Monday its API integration with cloud banking provider nCino to enhance the digital mortgage process for lenders.
This integration...
FHA amends identifier requirement for lenders, other entities seeking government business
The Federal Housing Administration (FHA) this week published a mortgagee letter (ML) amending a 2022 requirement for mortgage lenders, and anyone seeking to do business with...