Phil Crescenzo Jr., a high-producing loan officer in South Carolina, is joining NFM Lending. The move was announced Friday on social media by NFM managing director Greg Sher. Crescenzo comes to NFM after a two-year stint as Southeast division manager for Nation One Mortgage Corp. His prior experience also includes roles as a producing branch […]
NFM Lending adds South Carolina producer Phil Crescenzo Jr. Read More »
The Mortgage Bankers Association (MBA) urged the U.S. Department of Veterans Affairs (VA) to revise elements of its proposed partial claim and loss-mitigation policies for VA-backed mortgages, arguing that the draft rules could leave veteran borrowers at a disadvantage compared to others. In a comment letter submitted Wednesday and addressed to Patrick Zondervan, executive director
Mortgage trade groups urge VA to revise elements of proposed partial claim rules Read More »
When the Senate overwhelmingly passed the 21st Century ROAD to Housing Act on Thursday, longtime real estate analyst Steve Murray zeroed in on a number at the center of the legislation: 350. That figure, under the bill, defines a “large institutional investor” — a category that triggers strict limits on single-family home purchases and imposes
ROAD to Housing Act sparks debate over investor limits, housing supply Read More »
Howard Hanna Real Estate Services is launching HannaList, an internal listing portal designed to give sellers an early-access marketing option before a listing is widely distributed. The initial rollout will begin in Northeast Ohio and the Greater Pittsburgh area in early April, with expansion to additional markets planned throughout 2026, according to a company spokesperson.
Howard Hanna debuts HannaList with MLS aligned early access Read More »
The private listings debate has become one of the most polarizing conversations in organized real estate — and in my view, it is being handled poorly by nearly everyone involved. Advocates are cherry-picking the benefits without acknowledging the risks. Critics are sounding alarms without acknowledging the legitimate reasons private listings exist. And somewhere in the
Private listings are polarizing real estate, here is a path forward Read More »
The Senate overwhelmingly passed the 21st Century ROAD to Housing Act in an 89–10 vote on Thursday, advancing a sweeping bipartisan bill aimed at boosting housing supply and addressing affordability challenges nationwide. But consumer advocates and trade groups are still pushing for changes to several provisions. Congress has not passed such a comprehensive housing package
Senate passes 21st Century ROAD to Housing Act Read More »
Propy has acquired the title division of Boss Law as part of the company’s effort to expand its presence in institutional real estate transactions. The deal brings the Florida-based title operation — including offices in St. Petersburg and Seminole — under the Propy Title brand. Boss Law’s client base includes several large residential real estate
Propy expands AI title rollup with Florida acquisition Read More »
U.S. consumer prices increased moderately from January to February, with annualized inflation holding steady, according to data released Wednesday by the U.S. Bureau of Labor Statistics. The Consumer Price Index rose 2.4% over the 12 months ending in February, unchanged from January. On a seasonally adjusted basis, the index increased 0.3% during the month. Core
February’s CPI report reveals steady annual inflation of 2.4% Read More »
Finance of America Companies Inc. (FOA) reported $110 million in net income from continuing operations in 2025, a 175% increase from the prior year, as the reverse mortgage and home equity lender benefited from higher funded loan volume and improved operating leverage. The company posted basic earnings per share of $5.04 for the year, while
Finance of America’s 2025 profit soars 175% behind $2.4B in originations Read More »
Two of the nation’s largest reverse mortgage lenders, Longbridge Financial and Mutual of Omaha Mortgage, have asked a federal judge to dismiss a lawsuit over alleged improper advertising practices, ending a dispute that began in September 2024. According to a joint filing on Tuesday in the U.S. District Court for the Southern District of California,
Longbridge, Mutual of Omaha move to dismiss reverse mortgage marketing lawsuit Read More »