LendingTree and GetSmart.com, a pair of affiliated lead generation services based in Charlotte, N.C., are now allowing consumers to search for reverse mortgage products on their sites. A company executive said the change is in response to consumer demand for these products on the site. Participating lenders who already offer reverse mortgages now get pre-screened candidates for these loans, reducing the legwork they have to do to create the lead, said Keith Moore, senior vice president at LendingTree.
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The lender said it closed its Eleven Mortgage brand and its correspondent business to focus on retail, and did not elaborate on potential layoffs.
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Gold Star Mortgage hasn't said whether it suffered a data breach after cybercriminals claim to have compromised over 10,000 documents from the lender.
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The guidance reflects a mortgage servicing rights market that has broadly included the customer value in refinancing for over a decade, experts say.
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With little action towards privatization this year, the timeline in 2027 is also narrowing as the focus shifts to the 2028 election, Bose George said.
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The White House's top economist says inflation is already at the Fed's 2% target and suggested that further rate hikes could jeopardize growth.
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Self-employed borrowers account for 40.9% of the pool, but they are high earners and the pool has moderate leverage.
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