There were a total of 298 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) in 2024 that were related to the reverse mortgage industry, according to a database maintained by the bureau. This was 63 fewer complaints than in 2023.Of the total, about 43% were related to “

A state senator in Washington, citing dwindling enrollment numbers at an Olympia college and the impending “silver tsunami” of population trends, wants to close an existing college campus and transfer its control to the University of Washington to repurpose it for health sciences studies.This is acc

In the wake of the Los Angeles wildfires, CoreLogic today announced a new strategic alliance with Vexcel Imaging, a global leader in aerial imagery, which will provide CoreLogic with imagery from the U.S., Canada, Western Europe and Australia, including post-disaster imagery captured after wildfires

One of the original sexual assault cases against former real estate brokers Tal and Oren Alexander has been dismissed.A federal judge dismissed Angelica Parker’s suit against the Alexanders — including Oren’s twin brother Alon — on the grounds that the case was not filed within the time frame set by

From the thrill of a sale to the pursuit of new leads, the real estate industry keeps you on your toes. It’s vibrant, dynamic and competitive, but it can also be incredibly isolating, and staying motivated can be a challenge. As a way to deal with this, many agents and brokers seek professional ment

Business-purpose residential mortgage lender Dunmor announced Thursday that it has received a minority equity investment from Newfi Lending, a nonagency mortgage lender owned by funds managed by Apollo Global Management. According to Dunmor, the investment is an extension of an original partnership

Existing home sales ended the year on a positive note, which aligns with our weekly Housing Market Tracker data, but something surprising is that home prices firmed up late in the year as well. We observed a shift in the forward-looking data starting in the summer, which continued throughout the yea

The Mortgage Bankers Association (MBA) on Friday sent a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra, requesting that the bureau delay the compliance dates of a final rule requiring the registry of nonbank financial services providers.The bureau initially announced the

Fitch Ratings reported this week that recent natural disasters that have damaged thousands of homes and businesses — including the Southern California wildfires and hurricanes Milton and Helene in the Southeast — are not expected to heavily impact paid claims experience or credit ratings for mortgag

Guaranteed Rate Affinity announced on Friday that it has hired Andy Ward as its originating manager in Cottleville, Missouri.Ward brings a proven track record of success and leadership in the mortgage industry. The 25-year mortgage leader reportedly joined Guaranteed Rate Affinity to align with the

Ginnie Mae’s complementary Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program, dubbed “HMBS 2.0,” released a final term sheet in November which proved to be the final major policy work of former acting Ginnie Mae President Sam Valverde prior to his departure from the company.It

As older Americans run into more challenges with the cost of living on a fixed income, a coalition of advocacy groups in and around New York City are calling for action. Led by LiveOn NY, more than 50 organizations are rallying the city’s government for additional support for older residents as they

Fannie Mae’s title insurance pilot program could save borrowers up to $2.19 billion. This is according to a study released in January by Legal Economics’ Andrew Rodrigo Nigrinis and Todd Zywicki of the George Mason University’s Antonin Scalia School of Law. Nigrinis is a former enforcement economist

Nearly one-quarter of all new startups funded by venture capital firms are artificial intelligence-driven companies, according to a PitchBook analysis published late last year. Given the massive changes experienced by the real estate industry in the past six months, it is no surprise that at least a

Believe it or not, good old-fashioned postcards are still one of the most effective real estate marketing strategies. Even though most agents focus their marketing efforts online, people start thinking about finding a real estate agent well before they hit “ENTER” on their first Google search.In fac

Are you likeable? That’s not a trick question. Getting strangers to know, like and trust you enough to let you handle the largest transaction of their lives is the key to success in real estate. Get it right, and you can build a sustainable career. Get it wrong, and well, there’s always law school.T

CoreLogic‘s November 2024 Single Family Rent Index (SFRI) highlighted 1.5% annual growth for single family rental prices (SFRs). This represents the slowest growth in 14 years, although top price tiers maintain strong price growth. CoreLogic’s SFRI report analyzes SFR rent price changes on a nationa

Update: Thursday, Jan. 23, 2:35 pm Central: This article was updated with reporting by audio news service LiveSquawk.During a virtual speech at the World Economic Forum in Davos Thursday morning, President Donald Trump said he would “demand that interest rates drop immediately.” This marks his secon

Thursday marks the third full day of the second Trump administration, and the Consumer Financial Protection Bureau (CFPB) still has a director that was nominated and confirmed under President Joe Biden. How long that will last is anyone’s guess, but for right now, Rohit Chopra is continuing to work

Economists predict the Los Angeles wildfires, which are claiming thousands of high-end residential properties, to be one of the most expensive natural disasters ever. But the luxury real estate market is still poised for significant future growth as new demographics take over.Sotheby’s International