HousingWireHousingWire Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona, spent 20 years in the home lending arena before shifting his focus entirely to reverse. With that focus came attention and appreciation for the reverse mortgage product, which led him to…
Continue reading →HousingWireHousingWire After years of stops and starts, housing trade groups are urging Congress to pass a long-term extension to the National Flood Insurance Program. (Image generated by AI in Midjourney) It is unsurprising that the National Flood Insurance Program (NFIP) is yet again up for renewal in a little over…
Continue reading →HousingWireHousingWire UBS analyst Douglas Harter recently made waves after he took a closer look at the stock of reverse mortgage industry leader Finance of America (FOA). Harter downgraded the company’s stock rating on from “buy” to “neutral” even after it reported strong earnings results in the third quarter of 2024….
Continue reading →HousingWireHousingWire While president-elect Donald Trump is still making selections for who will fill out his cabinet and other important leadership positions across the government, one outstanding question mark revolves around Ginnie Mae. The government-owned company that oversees the mortgage-backed securities (MBS) program and its sizable portfolio did not have a…
Continue reading →HousingWireHousingWire Compass has made no secret of its plans for rapid expansion, and if recent additions are any indication, Texas is a prime target. The brokerage announced this week that it added Dallas-based The Trusler Group. The husband-and-wife team of Alex and Karla Trusler bring a high-performing team to Compass,…
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