Movement accuses Summit founder Todd Scrima of corporate espionage

By: ameer@trustedteam.com

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...

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PNC, U.S. Bank closed roughly one in 10 branches in 2023

By: ameer@trustedteam.com

The 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...

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Success in 2024 depends on using 2023’s lessons

By: ameer@trustedteam.com

The 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...

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Senior-held home equity rises in Q3 to over $13 trillion

By: ameer@trustedteam.com

Senior-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...

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MBA signals more reverse mortgage activity in 2024

By: ameer@trustedteam.com

The 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...

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NYSE: Finance of America is not in compliance with continued listing standard

By: ameer@trustedteam.com

Finance 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)...

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Unemployment ticks up to 3.9%: ABS

By: ameer@trustedteam.com

The 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...

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Property sector confidence up, concerns remain: PCA

By: ameer@trustedteam.com

The 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...

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House prices to slide by up to 4% in 2024: Halifax  

By: ameer@trustedteam.com

House 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.”...

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RBA reveals how mortgagors are faring

By: ameer@trustedteam.com

The 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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