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HousingWireHousingWire The Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program has long been positioned by reverse mortgage professionals as a viable path for expanding the base of reverse mortgage business. It would allow older homeowners to use a reverse mortgage to purchase a new home. While the required down…
Continue reading →HousingWireHousingWire The executive changes at RE/MAX continue. On Tuesday, RE/MAX Holdings, the parent company of RE/MAX and Motto Mortgage, announced it was welcoming Travis Saxton as its new executive vice president of strategy. According to the release, Saxton will be tasked with guiding “real estate strategy and technology innovation with…
Continue reading →HousingWireHousingWire The National Association of Realtors’ (NAR) commission lawsuit settlement agreement — as well as settlements reached by RE/MAX, Keller Williams, Anywhere, Compass, Redfin, At World Properties and many others — may have received final approval, but the first commission lawsuit settlement to be reached has not been so fortunate….
Continue reading →HousingWireHousingWire President Donald Trump wasted no time implementing his agenda after taking the oath of office on Monday. He signed more than 200 executive orders, memorandums and proclamations on the first day of his second term, touching on everything from withdrawing from the World Health Organization to delaying the TikTok…
Continue reading →HousingWireHousingWire Last week, Mark Steven Diamond — who was found guilty of bilking older homeowners in the Chicago area out of money through a reverse mortgage scam — was sentenced in federal court to a 17-year prison term. In the fallout of the sentencing, an organization in Illinois is seeking…
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