Are reverse mortgages for purchase a ‘sleeping giant?’ Pros are split
According to the most recent annual report to Congress by the U.S. Department of Housing and Urban Development (HUD), the Home Equity Conversion...
Servicing earnings prop up Pennymac’s Q3 performance
The servicing segment drove most of Pennymac Financial Services’s earnings in the third quarter of 2023, just like its peers, Mr. Cooper and Rithm Capital.
Profits at the...
‘Mortgage winter’ is expected to thaw a bit
John Toohig, head of whole-loan trading on the Raymond James whole-loan desk and president of Raymond James Mortgage Co., said many of the same headwinds the market...
HECM study examines borrower trends over two decades
A study commissioned by the U.S. Department of Housing and Urban Development (HUD) Office of Policy Development and Research (PD&R) in 2022 aimed...
U.S. Bank appoints new retail lending leader
U.S. Bank appointed John Hummel to lead its East market for retail home lending. Hummel, who previously led the correspondent and Housing Finance...
Home equity investment firm Splitero loses main investor, $750M in committed capital
Michael Gifford and David Zvaifler‘s home equity investment company, Splitero, lost its main investor, Redwood Trust, HousingWire has learned.
According to an internal presentation...
2024 inventory growth challenges mortgage rate lockdown
The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory....
Redfin reveals new AI-powered listing photos tool
Redfin launched Redfin Redesign, an AI-powered tool for home photos, the company announced on Thursday. The new product allows homebuyers to make changes...
The month in reverse mortgage rates: May 2024
In March, we explored the difference between Home Equity Conversion Mortgage (HECM) “expected rates” and “note rates” and why most reverse mortgages depend...
DocuSign explores leveraged buyout – HousingWire
E-signature company DocuSign is exploring a potential leveraged buyout with the help of advisers, people familiar with the matter told The Wall Street...
