It looks as though reverse mortgage pitchman Robert Wagner (of âIt Takes a Thiefâ TV fame) is out on the streets after his employer, Reverse Mortgage Network, pulled the plug on its HECM origination program. A source familiar with the matter tells us that RMNâs owner thought it had a deal to sell the company but the buyer recently backed out. The full story will be on the National Mortgage News website later today...
The 30-year fixed spiked earlier in the week, but fell as Middle East news helped to drive the 10-year Treasury yield lower by 9 basis points by Wednesday.
The lender says it's willing to "cut costs deeper" if macroeconomic conditions hinder it from reaching a breakeven adjusted EBITDA goal later this year.
Rocket Cos. gave generous stock awards to its leaders for a busy year, while Better Home & Finance awarded raises to leaders after a difficult stretch.
A New York bank says the regulator's rejection last fall is preventing it from keeping up with local nonbank lenders deploying cash-offer products.
Freddie Mac was more aggressive than its counterpart for much of the past year but March activity establishes that there's a different trend at play in 2026.
Life insurers' borrowings from the Federal Home Loan banks has increased in recent years, raising concerns about opaque, private credit investments and how it intersects with the Federal Home Loan banks' housing mission.
