VA finalizes partial claim program and cancels proposed payment hike.
The VA issued updates on partial claims and loss mitigation, limiting caps to 25% UPB, with a 180-day implementation period for private lenders.
Mutual of Omaha Leads Despite 4.7% Decrease in HECM Endorsements
May HECM endorsements declined to 1,967, a 4.7% drop from April, with Mutual of Omaha Mortgage capturing 21.5% market share at 423 endorsements.
ICE Launches Fraud Monitor Integrated with Encompass System
ICE has launched Fraud Monitor, an integrated tool within Encompass, designed to centralize mortgage fraud detection and property risk assessments for lenders.
Christina Harmes Discusses Emotional Intelligence for Reverse Mortgage Brokers
Explore Christina Harmes' insights on CRMP ethics, emotional intelligence with senior borrowers, and effective outreach strategies boosting HECM for Purchase volume.
Non-QM Financing: Meeting the Needs of Today’s American Workforce
Explore how Non-QM loans can support freelancers, gig workers, and entrepreneurs by accommodating diverse income streams, offering new opportunities for private lenders.
Apartment Rents Experience Minor Increase in Recent Period
Apartment rents have experienced a slight increase, marking six months of consistent growth. National averages now stand at $1,737, signaling market resilience.
Nationwide Mutual alleges consumer confusion in trademark lawsuit against lender.
Nationwide Mutual Insurance Co. is suing Nationwide Mortgage Bankers, claiming trademark infringement over profit gains linked to its name and reputation.
CMLS: Forge Alliances Now or Let Compass Take the Lead
Darryl Davis calls for CMLS to form an MLS-controlled alliance, highlighting recent Compass MLS agreements and a Zillow antitrust lawsuit's implications.
NYC Mayor Mamdani Introduces Comprehensive Housing Initiative
Explore NYC Mayor Mamdani's comprehensive 'Block by Block' housing initiative aimed at addressing urban displacement and enhancing community stability.
MISMO White Paper Outlines Strategy to Standardize Mortgage Fee Descriptions
Discover MISMO’s latest white paper on standardized fee naming, highlighting potential reductions in TRID cure costs and enhancements in mortgage fee transparency.