L. Scott Bruggemann, senior vice president and general counsel at Summit, wrote in an emailed response to HousingWire that, at this time, the company “does not have anything to...
Read MoreThe overall pace of bank branch closures slowed in 2023, but certain banks still slashed the size of their brick-and-mortar networks substantially. U.S. banks closed 2,118 branch locations between January...
Read MoreThe mortgage industry took it on the chin in 2023, with many of those same factors hurting it now likely to affect next year's profitability.That includes the Fed's own...
Read MoreSenior-held home equity rose for the second consecutive quarter in Q3 2023, after reductions observed in Q4 2022 and Q1 2023. Senior housing wealth grew by an estimated $178.4 billion...
Read MoreThe Mortgage Bankers Association (MBA) is looking ahead at more potential reverse mortgage activity in 2024, according to a statement from Bob Broeksmit, its president and CEO. Speaking to HousingWire...
Read MoreFinance of America Companies (FOA), parent company of reverse mortgage industry-leading lender Finance of America Reverse (FAR), was notified on Dec. 12 by the New York Stock Exchange (NYSE)...
Read MoreThe latest Labour Force data for November 2023 released by the Australian Bureau of Statistics (ABS) has revealed that the country’s unemployment rate rose by 0.1 per cent to...
Read MoreThe latest Property Council Survey conducted by the Property Council of Australia (PCA) has revealed that industry confidence among Property Council members has held steady, with the Confidence Index...
Read MoreHouse prices will fall by between 2% and 4% in 2024, forecasts Halifax, due to “broader economic challenges, and the likelihood that mild downward pressure on house prices continues.”...
Read MoreThe Reserve Bank of Australia (RBA) has evaluated the state of Australia’s mortgage health, revealing increasing pressure on Australian households with mortgages. During a conference in Sydney, Andrea Brischetto, the...
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