Share on facebook
Share on twitter
Share on linkedin
- RSS
Live News
HousingWire
- Reverse mortgage servicing safeguard might help LA borrowers January 17, 2025A 2023 safeguard introduced in reverse mortgage servicing software could help borrowers in Los Angeles avoid foreclosure.
- Mortgage applications for new homes are 9% higher than a year ago January 17, 2025MBA builder application survey data for December highlighted 9% year-over-year growth in loan applications for new homes.
- Chicago-area contractor sentenced to 17 years in prison over reverse mortgage scam January 17, 2025The U.S. Department of Justice (DOJ) announced this week that Mark Steven Diamond, who was accused of “bilking elderly homeowners in a reverse mortgage and home repair scheme,” was sentenced to 17 years in federal prison by the U.S. District Court for the Northern District of Illinois.
- Compass attracts top Connecticut team January 17, 2025Compass is strengthening its presence in the Nutmeg State. On Friday, the largest brokerage in the country by sales volume announced that The Jennifer Leahy Team will be leaving Douglas Elliman to join the Robert Reffkin-helmed firm.
- Rising mortgage rates zap builder confidence January 17, 2025The recent rise in mortgage rates, approaching 7.25%, has negatively affected builder sentiment. They need rates in the 6-6.5% range to grow.
- FHA updates loss-mitigation waterfall in new mortgage servicing guidance January 17, 2025Published on Thursday, the letter extends existing COVID-19 recovery options to February 2026. The FHA said it is aiming to give stakeholders “time to implement the new loss mitigation, claims, and reporting requirements.”
- What previous California wildfires can teach us about rebuilding LA January 17, 2025When the wildfires in Los Angeles are finally extinguished, the city and its residents will have to sift through the devastation and answer questions about how — and whether — to rebuild.
- WaFd Bank exits home mortgage lending, says model is ‘unsustainable’ January 17, 2025Seattle-based WaFd Bank, which has offered home loans for more than 100 years, announced Thursday in an earnings report that it will exit the single-family mortgage lending business.
- A&D Mortgage acquires Mr. Cooper’s wholesale, correspondent businesses January 17, 2025The impacted employees at Mr. Cooper will be offered an opportunity to join A&D Mortgage when the transaction is finalized by March 2025.
- GSEs delay proposed ‘bi-merge’ credit transition January 17, 2025The GSEs stated that the planned transition will now take place at the same time they retire the Classic FICO credit model, which is "TBD."
