Despite a raft of what might seem like contradictory economic data points and a challenged housing market, the reverse mortgage industry largely proceeded as normal based on key performance metrics for May 2025. Home Equity Conversion Mortgage (HECM) endorsements dropped by 1% in May to 2,296 loans, despite recent increases in the expected interest rate […]
Reverse mortgage performance was largely steady in May Read More »
Glenn Kelman’s wife was starting to get worried. The Redfin founder and CEO’s behavior was unusual lately. He was staying up late into the night exchanging texts with someone. But there was no other woman. Kelman was group texting Varun Krishna, the CEO of Rocket Companies, and Jay Bray, the CEO of Mr. Cooper. They
‘It was love at first sight!’ Inside Rocket’s pursuit of Redfin, Mr. Cooper Read More »
Discussions about the impact of artificial intelligence (AI) have dominated conversations on stage at HousingWire‘s The Gathering. But there seems to be little common ground as some lenders are excited for the chance to scale their businesses to new heights by taking away menial tasks, while others are concerned about information security and job insecurity.
UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lending Read More »
Unless you’ve been living among the Amish, you’ve probably already tried ChatGPT for your real estate business. Most agents we work with have, but usually to write listing descriptions packed to the gills with fluffy language and way too many em dashes. Sound familiar? If so, you’ve barely scratched the surface of what ChatGPT can
11 clever ways to use ChatGPT for real estate in 2025 (+ prompts) Read More »
U.S. consumer sentiment toward the housing market improved in May and reached its highest level since November 2024, according to Fannie Mae. Fannie Mae’s Home Purchase Sentiment Index (HPSI) rose 4.3 points to 73.5 last month, driven by increased optimism about home buying and selling conditions and expectations that mortgage rates may fall in the
Fannie Mae: Consumer housing market sentiment hits 2025 high point Read More »
An Ohio appeals court has upheld a jury’s decision that orders CrossCountry Mortgage (CCM), the nation’s eighth-largest mortgage lender, to pay $2.1 million to a former senior accountant who was allegedly fired due to her age. Cheryl Shephard, who joined CCM in 2016, filed the lawsuit in October 2022 against the company and its vice
CrossCountry Mortgage ordered to pay $2.1M in age discrimination case Read More »
Technology disruptions often arrive quickly and loudly, as has been the case with recent evolutions in artificial intelligence (AI). The use of AI-powered chatbots and devices could reshape the way people live and work for decades to come. But with any new major technological shift also comes the possibility that some people will be left
AI training could be alienating, leaving out older adults Read More »
Real estate industry executives may not see eye to eye on the National Association of Realtors‘ (NAR) Clear Cooperation Policy (CCP), but there is one thing they do agree on — the vast majority of sellers receive the most benefit from listing transparency and broad exposure of their listings. “The average people that our agents
Brokers agree on broad exposure for real estate listings Read More »
As hoped, Friday’s big rate spike did not carry additional momentum into the new week. This is occasionally a risk when rates are responding to big surprise in the jobs report, but slightly less of a risk when the other economic data had been weaker. All that having been said, it’s not as if we’re
Mortgage Rates a Hair Lower to Start The Week Read More »
By acquiring Title365, Covius Services, whose product offerings including title and settlement services primarily on defaults, will be expanding its presence on the origination side, a company executive said. It complements Covius’ existing expertise in providing title services for defaults, Pete Pannes, chief business officer, said. “Second, there were significant technical integrations that we’ve been
Title365 buy allows Covius to expand origination loan focus Read More »