The reverse mortgage market seems to be picking up steam. According to exclusive survey figures compiled by National Mortgage News, some lenders are seeing a handsome increase in their reverse applications and fundings. In the fourth quarter, for example, Bank of America, originated $1.18 billion in reverses, compared to $426 million in 4Q 2007. The figures will appear in the upcoming issue of the Quarterly Data Report, a NMN statistical publication...
Even with the positive news when it came to income, two of the big four underwriters had their earnings outlook slashed, while a third received an upgrade.
AD Mortgage's news survey finds 82% expect AI to transform the industry, and relationship skills will decide who wins in 2027.
An acquisition this year could be one in a line of other future deals, potentially involving lenders or commercial real estate firms, Ellington executives said.
If the deal is completed, the companies will form the sixth-largest publicly traded homebuilder in the U.S. with about $6.6 billion in combined revenue.
Fannie Mae and Freddie Mac's oversight chief said that he's displeased with a report that these builders have retreated from serving first-time buyers.
The economy lost 23,000 jobs in July, but the unemployment rate ticked down to 4.1% all the same. The development could embolden both hawks and doves at the central bank.
