Celink, a servicer of reverse mortgages, along with RMF have reached a resolution in its bankruptcy case with the prior lender. The agreement was finalized for a significantly smaller amount than was originally pursued.
Under a fresh collaboration, ICE Mortgage Technology is set to provide lenders with insightful investment guidance via Encompass.
It has been reported that a fiscal settlement has been agreed upon by Congress. However, the clock is ticking to put this into action to prevent potential effects on the Department of Housing and Urban Development (HUD) and Federal Housing Administration (FHA).
Even with a dip in mortgage rates to 4%, the typical monthly payment would remain 44% higher than the levels witnessed prior to the pandemic, as indicated by Kevin Barker from Piper Sandler.