Reverse mortgage volume, HMBS issuance falls again

By: ameer@trustedteam.com

The reverse mortgage industry is continuing to adjust to a new normal, but industry professionals maintain optimism, even if the adjustment period proves to be a difficult one. While experts...

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Servicers helped 5M COVID-impacted borrowers stay in homes

By: ameer@trustedteam.com

Servicer efforts to assist borrowers following the expiration of CARES Act relief measures helped 5 million households avoid property loss, according to a report from the Federal Reserve Bank...

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Flagstar gives $1 million to fix appraisal industry’s lack of diversity

By: ameer@trustedteam.com

The $1 million donation by Flagstar Bank will go toward the recruitment and credentialing of diverse trainees, as well as to explore different ways to improve the licensing process...

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Aging in place results in longer homeownership tenures

By: ameer@trustedteam.com

Peak homeownership tenures in 2022 were down slightly compared to the two years prior, but the typical homeowner is still living in their home much longer than before, according...

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Inflation is high, so why aren’t mortgage rates higher?

By: ameer@trustedteam.com

Not only has the data stayed firm, but the economic data has improved recently.  Also, gas prices are down from the peak, and the inflation growth rate is no longer...

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HighTechLending President Don Currie has died

By: ameer@trustedteam.com

Don Currie, who served as president and co-owner of leading reverse mortgage lender HighTechLending since 2007, died on Thursday, March 2, according to a company representative. Currie, who co-founded HighTechLending...

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Silvergate, Home Loan Bank send mixed signals about paying back advances

By: ameer@trustedteam.com

Correction An earlier version of this story misattributed a statement regarding Silvergate's intention to repay its advances to the Home Loan Bank of San Francisco, where it should have...

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Aurora extends the Better.com merger deadline once again

By: ameer@trustedteam.com

Blank-check firm Aurora Acquisition Corp. extended the deadline to complete its merger with struggling digital mortgage lender Better.com for the third time. The deadline for the merger is now...

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