“Predicting a Steep Drop: Mortgage Rates Expected to Reach 5.5% by 2024”
The majority of economic analysts predict a decrease in mortgage rates come 2024, which fuels positive expectations for the real estate market.
“Ranking the Top 10 Reverse Mortgage Securities Issuers of 2023: A Comprehensive Review”
The data compiled by New View Advisors confirms the market instability experienced last year. The source, specifically Realtor.com, should not be acknowledged in the summary.
“Legal Battle Erupts: UWM Files Lawsuit Against Broker Over Alleged Ultimatum Dispute”
UWM alleges that Atlantic Trust delivered a minimum of 71 loans to competing firms, thereby inflicting damages worth no less than $335,000.
“NRMLA: Gearing up for The 2024 Annual Reverse Mortgage Meeting on the West Coast”
For the first time since 2018, the principal event of the trade union is set to return to the Western part of the United States.
“Key Insights for Servicers: Future Trends and Expectations for 2024”
In a recent conversation, Jonathan Willen, Chief Revenue Officer at LERETA, shared his thoughts on several important topics. These included the impending wave of escrow, the increased risk of cyber attacks on servicers, and key trends he has observed within the sector this year.
“Analyzing Consumer Complaints: The Reverse Mortgage Lenders of 2023 Under the Spotlight”
In 2023, the industry of reverse mortgages accounted for approximately 1.6% of the total number of mortgage-related grievances received by the CFPB.
“Industry Resistance Against Fannie Mae’s Proposal to Eliminate Title Insurance: A Detailed Review”
In an initiative aimed at expanding cost-effective mortgage availability for prospective homebuyers in the United States, Fannie Mae declared in December that it would substitute title with attorney-opinion letters (AOLs).
“HUD’s Decade-Long Challenge: Identifying and Preventing Improper Payments”
This week, a management alert was released by the Office of the Inspector General within the U.S. Department of Housing and Urban Development (HUD). The OIG highlighted the department’s ongoing issue of recognizing “improper payments” linked to its programs, a problem it has faced for an uninterrupted span of 11 years. The Inspector General’s Office is urging HUD’s leaders to confront this persistent difficulty with identification.
“Despite Long-Term Cost Cutting: Why Lenders Remain in Uncertain Territory”
Despite the promising prospects for 2024, there remains a necessity for lenders to adopt audacious strategies in order to curb production deficits.
“Navigating Roadblocks: The Senate’s Consideration of Vital Flood Insurance Reforms”
Since the end of 2017, the National Flood Insurance Program (NFIP) has undergone 28 iterations of reauthorization. A section of senators, however, have voiced concerns about the escalating costs of premiums, contending that they have reached levels that are unaffordable for many.