HousingWireHousingWire Home Equity Conversion Mortgage (HECM) endorsements continued to decline in the 2024 fiscal year from a recent peak observed in 2022, while the HECM line of credit continued its dominance as a payment option. Single women were the single largest cohort served by the HECM program. This is according…
Continue reading →HousingWireHousingWire In this week’s episode of the Power House podcast, Mr. Cooper CEO Jay Bray joins HousingWire president Diego Sanchez for a conversation centered on balanced servicing and origination activities in the mortgage space. The duo explore Mr. Cooper’s growth initiatives, artificial intelligence (AI) usage for revenue growth and the…
Continue reading →HousingWireHousingWire Even in a divided Congress, there is bipartisan support for learning more about how artificial intelligence, and especially gen AI, is being leveraged in the housing and banking industries. Two bipartisan measures introduced this week would address concerns about how banks use AI in property valuations and underwriting, among…
Continue reading →HousingWireHousingWire A recent study authored by researchers at Johns Hopkins University’s Bloomberg School of Public Health suggests that the integration of health, social services and community-based support systems must be improved to better accommodate the desires of older Americans to age in place in their homes. By 2034, Americans ages…
Continue reading →HousingWireHousingWire Compass created quite the buzz earlier this week when it announced its acquisition of Christie’s International Real Estate and @properties for a total of $444 million in cash and stocks. But executives say this move should not have come as a surprise. “Robert [Reffkin] and Kalani [Reelitz] have shared…
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