Longbridge Introduces AI Voice Agents for Reverse Mortgage Services
Longbridge Financial enhances reverse mortgage servicing with AI voice agents, offering round-the-clock support and improving borrower engagement and efficiency.
Union Home Mortgage Appoints New VP for Manufactured and New Construction Lending
George Dover, ex-president of Cascade Financial Services, steps in as VP at UHM to enhance C2P initiatives and drive growth in manufactured housing lending.
FHFA Advances New Credit Model Amid Resistance from GSEs, Says Housing Policy Council
The HPC found that the FHFA mandated Fannie and Freddie to endorse VantageScore 4.0, highlighting tensions in credit scoring methodology amidst regulatory changes.
Newrez Drives Profit and Servicing Expansion for Rithm Capital
Rithm Capital reported earnings of $567.2M, driven by strong performance from Newrez in originations, servicing, and non-QM production.
PulteGroup to sell ICG amid rising factory costs for builders
Discover insights from PulteGroup's earnings call on steady pull-through demand and its implications for homebuilders amidst ongoing challenges in the market.
Trust Account Violations in Real Estate: Compliance and DRE Enforcement Insights
California DRE mandates strict compliance for trust account rules, holding brokers accountable for documentation, irrespective of intent or consumer impact.
Keller Williams resolves Batton homebuyer commission lawsuit for $20 million
Keller Williams resolves the Batton homebuyer commission lawsuit for $20 million, alleviating antitrust concerns for agents and franchisees across the network.
MBA’s Broeksmit accuses credit bureau group of misleading the mortgage sector.
"Broeksmit highlights outdated risk management practices in lending, advocating for a more streamlined approach with borrower evaluation processes."
Penzance Purchases Four Multifamily Properties for $200 Million
Penzance expands its investment strategy across the Mid-Atlantic, acquiring four multifamily properties for $200 million, signaling growth potential in the region.
Sasha Jackson Appointed SVP of Market Structure at Housing Policy Council
Sasha Jackson, ex-Treasury official, appointed as SVP of Housing Policy Council to enhance housing finance policy and improve market transparency.