Better.com SPAC partner asks for more time to complete merger

By: ameer@trustedteam.com

The company seeking to take lender Better.com public is asking its shareholders to extend its merger deadline.Aurora Acquisition Corp. will hold a meeting to vote on whether to extend...

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The mortgage industry is nervous about LLPA fee changes

By: ameer@trustedteam.com

The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming...

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ICE-Black Knight deal likely to go through, analysts say

By: ameer@trustedteam.com

The regulatory obstacles are not likely to derail Intercontinental Exchange's purchase of Black Knight, analysts at Keefe, Bruyette and Woods said following a conversation with executives at Boston Consulting...

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Aurora seeks third extension to deadline for merger with Better.com

By: ameer@trustedteam.com

Blank-check firm Aurora Acquisition Corp. wants to extend the deadline for completing its merger deal with struggling digital mortgage lender Better.com by six months for the third time, further...

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Micheal Jones on a chief financial officer’s biggest challenges in 2023

By: ameer@trustedteam.com

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2023 HW Finance Leaders are open now through Friday,...

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Housing inventory under 1M again as sales collapse

By: ameer@trustedteam.com

On Friday NAR reported that total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people. And existing home...

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Existing home sales fell for the 11th consecutive month in December

By: ameer@trustedteam.com

Homes sales ended the year at a seasonally adjusted, annualized pace of 4.02 million units, which was 34% lower than December 2021. It is the slowest pace since November 2010,...

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Reverse pros talk shop on keeping business moving in 2023

By: ameer@trustedteam.com

Reverse mortgage professionals have different perspectives based on their unique markets and experiences, and that’s true of industry pros like Rich Pinnell of Primary Residential Mortgage, Inc. (PRMI) in...

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Top Canadian reverse lender HomeEquity Bank notched $4.4B in portfolio volume in 2022

By: ameer@trustedteam.com

Toronto-based HomeEquity Bank, the leading provider of reverse mortgage loans in Canada, announced this week that its total reverse mortgage portfolio surpassed $6 billion CAD (roughly $4.4 billion USD)...

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How brokers can excel in a challenging market, and other lessons from the FSRA conference

By: ameer@trustedteam.com

Mortgage professionals may be feeling angst these days with origination volumes well down from last year’s highs. But it’s in times like these that the value prospect of a...

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