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Rate’s Jesse Allen on the progress of a reverse mortgage revamp

HECM, HWmember, Loan Officer, Marketing, Rate, Reverse /

In November, Chicago-based mortgage lender Rate — formerly known as Guaranteed Rate — announced that it was “revamping” its dedicated reverse mortgage division by appointing two longtime industry veterans to lead its efforts with older borrowers. Industry veteran Jesse Allen, formerly of OneTrust Home Loans and American Advisors Group (AAG) is now leading the division […]

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Like other states, Colorado confronts realities of the ‘silver tsunami’

Aging in Place, Colorado, HWmember, Reverse /

When looking at the fastest-growing state populations for residents 60 and older, Colorado is not at the top of the list, but it’s close. Outstripped only by Alaska and Wyoming, respectively, Colorado and Oregon have seen their shares of older residents increase by 1.9% between 2013 and 2023. This has led some state residents to

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HUD secretary tours Nevada federal land to talk housing development

Affordable housing, House of Representatives, Housing Market, HUD, HWmember, Nevada, Politics, Regulatory, Senate /

The secretaries of the U.S. departments of Housing and Urban Development (HUD) and the Interior (DOI) journeyed to southern Nevada in an effort to highlight the Trump administration’s plan to sell federal lands to private developers for the purposes of housing development. Joined by Nevada Gov. Joe Lombardo (R) and Rep. Mark Amodei (R-Nev.), HUD

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Joe Gormley addresses pesky rumors about Ginnie Mae

Cybersecurity, Delinquencies, DOGE, Ginnie Mae, Government Lending, HWmember, LendingLife, Mortgage, Mortgage Bankers Association /

What you might have heard about Ginnie Mae is simply rumor, according to Joe Gormley, the government-owned company’s executive vice president and chief operating officer. Gormley says that Ginnie Mae has adequate staffing to fulfill its mission, has no plans to shrink the size of issuers and furthermore is happily accepting new issuers. In a

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SERHANT. adds top New Jersey agent to fuel expansion

HWmember, New Jersey, New York, New York City, People Movers, Real Estate, Ryan Serhant, SERHANT. /

New York-based real estate brokerage SERHANT. has added one of New Jersey’s top-performing agents — Patrick Southern — as part of its expansion into the Garden State. Southern, who has been the leading individual agent in Hudson County, N.J., for more than a decade, joins the firm after closing nearly $200 million in real estate

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How “Narrow AI” is transforming mortgage servicing and cash flow management

Artificial Intelligence, Contributors, HWmember, Mortgage, Opinion, Technology /

The mortgage servicing industry faces significant challenges in managing cash flows efficiently. In real terms, the crux of the problem isn’t so much inefficiencies as it is transparency into the extent of the problem — in investor accounting, what you don’t know can hurt you. Lenders, investors, and borrowers are all impacted by this lack

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Better mortgage spreads boost housing demand in 2025

Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, Purchase Applications /

One of the lesser known storylines in housing economics is that the improvement in mortgage spreads since 2023 has contributed to a noticeable trend in purchase application data for 2025, which is now showing 15 consecutive weeks of positive year-over-year growth.  Mortgage spreads recently turned negative due to market volatility, which resulted in an increase

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Will cutting rates fix the housing market?

Contributors, Housing Market, HWmember, Opinion /

Mortgage professionals are navigating one of the most challenging origination markets in recent history. Still, cutting mortgage rates would not be the end-all solution to pacify markets that many claim it to be. While lower rates might temporarily ease borrower costs or support home purchases, they would also expose the housing industry to further risk

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HUD approves Asheville’s hurricane recovery plan after initial objection over DEI

Disaster Relief, Government Lending, Housing Market, HUD, Hurricane, HWmember, Natural Disaster, North Carolina, Politics /

After an initial rejection and amendment of its required Hurricane Helene recovery plan as it seeks more than $200 million in federal funds, the City of Asheville, North Carolina’s revised plan has received approval from the U.S. Department of Housing and Urban Development (HUD). In March, HUD rejected Asheville’s initial draft action plan, a required

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Reverse mortgage LOs share appraisal challenges at NRMLA event

Appraisals, HECM, HWmember, NRMLA, Reverse /

Reverse mortgage originators often remain a key point of contact for their clients from initial consultation to long after the loan closes. But getting to the closing table can come with its own set of unique challenges, whether it comes from rules that govern the Home Equity Conversion Mortgage (HECM) program or the potential bias

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