HUD Audit Indicates Potential Depletion of Some HECM LESA Accounts
HUD OIG audit reveals 1,237 HECM borrowers could exhaust LESA funds six years early, risking up to $258 million. Insights essential for private lenders.
HUD OIG audit reveals 1,237 HECM borrowers could exhaust LESA funds six years early, risking up to $258 million. Insights essential for private lenders.
Recent acquisitions by Compass, eXp World Holdings, and The Real Brokerage highlight the growing importance of proprietary technology and AI in the mortgage sector.
KBW maintains a market perform rating on UWM at $4.50, highlighting its 9% market share and significant 45% broker share, with in-house servicing set for October.
Explore how scale influences U.S. homebuilding, impacting land access, purchasing power, and resilience amid shifting market conditions.
Localities are restricted from raising property taxes beyond the no-new-revenue rate under SB 1851, emphasizing compliance and fiscal governance.
Loan officers are adjusting strategies to navigate rising mortgage rates above 6.6%, focusing on innovative solutions to maintain deal momentum in a challenging market.
Join Luddy at the Reverse Mastermind Summit for expert insights tailored to new loan officers and those looking to expand their business in reverse mortgages.
Credit conditions for AD&C loans have tightened again, though at the slowest pace in four years, signaling potential shifts in the market landscape.
Industry consultants discuss the evolving role of agents amid consolidation, considering changes in splits, autonomy, and the future of broker-provided leads.
Independent mortgage banks and bank subsidiaries reported a pretax net production profit increase to $727 per loan in Q1 2026, highlighting profitability trends.