Apply Online
Schedule a Call

HWmember

White House expects reverse mortgages to continue producing government receipts

FHA, HECM, HUD, HWmember, Regulatory, Reverse, White House /

Following last month’s release of the so-called “skinny budget” from the White House, the Office of Management and Budget (OMB) has released a 1,200-plus page appendix for the proposal. It includes projections related to the performance of the Home Equity Conversion Mortgage (HECM) portion of the Mutual Mortgage Insurance (MMI) Fund. According to the data […]

White House expects reverse mortgages to continue producing government receipts Read More »

Prudent AI debuts non-QM underwriting tool

Angel Oak, Artificial Intelligence, HWmember, Investor, Mortgage, Non-QM, Technology, Underwriting /

Prudent AI — a California-based financial technology company — has released what it calls the first upfront automated underwriting system (AUS) designed specifically for non-qualified mortgages (non-QMs). Unlike traditional AUS tools — which assess loan eligibility later in the mortgage process — Prudent AI’s system reviews key borrower data such as income, credit and assets

Prudent AI debuts non-QM underwriting tool Read More »

TCB’s appeal against Ginnie Mae over reverse-backed collateral will proceed

Ginnie Mae, HECM, HMBS, HUD, HWmember, Lawsuit, Legal, Reverse, Texas Capital Bank /

Following its vow to appeal the initial decision in a case brought against Ginnie Mae over rights to reverse mortgage-backed collateral stemming from the collapse of a major industry lender, filings by Texas Capital Bank (TCB) have been docketed and assigned a case number in the Fifth Circuit Court of Appeals. The suit will begin

TCB’s appeal against Ginnie Mae over reverse-backed collateral will proceed Read More »

Coldwell Banker Premier enters Florida market through merger

Brokerage, Coldwell Banker, Florida, HWmember, Mergers and Acquisitions, Real Estate, Real Estate Agents /

Coldwell Banker Premier has expanded into Florida through a merger with Coldwell Banker Envision Real Estate, marking the firm’s first office in the state. The company will now offer its full suite of services — including listing programs, marketing tools, and property and association management — to agents and clients. “We have been impressed with

Coldwell Banker Premier enters Florida market through merger Read More »

Partner Real Estate launches instant offers platform

Artificial Intelligence, California, Homeownership, HWmember, Real Estate, Real Estate Agents, Technology /

California-based Partner Real Estate has introduced a new technology platform aimed at speeding up home sales and expanding options for agents and homeowners. The company’s Instant Offers Exchange (IOX) allows sellers to receive multiple competitive cash offers within minutes without committing to a sale. “Imagine this: your client signs the listing agreement, and you already

Partner Real Estate launches instant offers platform Read More »

Robert Reffkin touts Compass’s AI platform, agent advocacy efforts

Artificial Intelligence, Brokerage, Compass, HWmember, Real Estate, Real Estate Agents, Robert Reffkin, Technology /

Details regarding Compass‘s soon-to-be-released artificial intelligence (AI) platform were shared by CEO Robert Reffkin during a company retreat this week. “We continue to invest over $100 million in technology every year, building more and more tools that can help you stand out and run a better business,” Reffkin told the audience. “And in this amazing

Robert Reffkin touts Compass’s AI platform, agent advocacy efforts Read More »

French Hill calls for investigation into Little Rock Housing Authority

Affordable housing, Arkansas, FBI, House of Representatives, Housing Market, HUD, HWmember, Regulatory /

Citing a series of missteps made despite the oversight and U.S. Department of Housing and Urban Development (HUD) action plans, the chairman of the House of Representatives‘ Financial Services Committee is calling for a federal investigation into the housing authority of Little Rock, Arkansas. Rep. French Hill (R) — who represents Arkansas’s second congressional district

French Hill calls for investigation into Little Rock Housing Authority Read More »

Mortgage demand dips over holiday but keeps yearly momentum

HWmember, LendingLife, Mortgage, Mortgage applications, Mortgage Bankers Association, Mortgage Rates, Mortgage Rates Center, Origination, Rate /

Mortgage applications decreased by 3.9% for the week ending May 30, according to data from the Mortgage Bankers Association (MBA). On an unadjusted basis, the index fell 15% during the week marked by the Memorial Day holiday. But economists and loan officers say the year-to-date landscape looks much better. “Mortgage applications decreased over the week,

Mortgage demand dips over holiday but keeps yearly momentum Read More »

Two maps that show where the housing market is struggling

California, Data & Visuals, Florida, Housing Market, Housing Market Data, HWmember, John Burns Real Estate Consulting, Texas /

Industry professionals were full of optimism heading into the spring that the housing market could pick up after a sluggish start to 2025. But heading into the summer, that optimism has largely faded. Existing-home sales are hovering around 4 million and many markets that are typically fruitful for homebuilders have stalled. In its midyear housing

Two maps that show where the housing market is struggling Read More »

HUD walks back prior default guidance as too ‘burdensome’ for mortgage servicers

FHA, HUD, HWmember, Mortgage, Mortgage Servicing, Regulatory, Trump administration /

In a move that’s designed to simplify prior policy, the Federal Housing Administration (FHA) on Tuesday published a new Mortgagee Letter (ML) that targets borrower default engagement practices that were published in the waning days of the Biden administration. ML 2025-14 makes changes to final guidance first floated last summer to open up communications between

HUD walks back prior default guidance as too ‘burdensome’ for mortgage servicers Read More »