California-based HighTechLending, a top-10 lender in the reverse mortgage industry, recently announced that it was rebranding its wholesale channel to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers. One of the ways the company aims to…
Continue reading →Mortgage rates fell two weeks ago, then climbed steadily again last week. Is it enough to motivate any new seller activity or are we looking at 2025 before home sales finally recover? From a total inventory perspective, we haven’t seen any pickup in demand in the past couple of weeks…
Continue reading →Piggyback mortgages — those involving a first and second lien at origination — are on the rise among first-time and low- to moderate-income borrowers who face affordability challenges. This is according to a CoreLogic report published on Monday. The share of piggybacked Federal Housing Administration (FHA) home purchase loans rose…
Continue reading →There are just five days to go until the business practice changes outlined in the National Association of Realtors’(NAR) nationwide commission lawsuit settlement agreement, but the trade association is not out of the lawsuit woods just yet. In a lawsuit filed on Monday by Douglas Hardy, Glenn Champion and Dylan Tent in…
Continue reading →Rural parts of the U.S. have roughly 35% fewer home health aides to assist their aging populations than urban areas do. This is according to research from the University of Minnesota as cited by the Population Reference Bureau (PRB), a private nonprofit research organization that receives funding from the U.S….
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