Appeals Court Upholds Conviction for CEO of HECM Lender

By: ameer@trustedteam.com

The U.S. Court of Appeals for the Second Circuit upheld the fraud conviction of Michael Hild, founder and former CEO of the now-shuttered reverse-mortgage lender, Live Well Financial.

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Around the Industry

By: ameer@trustedteam.com

VA partial claims greenlit; FHA implements multi-factor authentication; lawmaker calls for DOGE investigation at HUD; HUD sells HECMs in bulk.

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HUD OIG Faults Neighborhood Loans on QC

By: ameer@trustedteam.com

The Department of Housing and Urban Development’s Office of Inspector General found Neighborhood Loans’ quality control program was lacking during the pandemic.

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Bill in Senate Would Streamline Government Mortgage Programs

By: ameer@trustedteam.com

The Senate Committee on Banking, Housing and Urban Affairs approved legislation that would make reforms across government-backed loan programs.

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D.R. Horton Grows FHA Lending With Buydowns

By: ameer@trustedteam.com

The builder and its mortgage unit sharply increased securitization volume of FHA loans over the past two years by offering interest rate buydown incentives.

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Trump Nominates Cassidy to Lead FHA, Gormley for Ginnie

By: ameer@trustedteam.com

Frank Cassidy and Joseph Gormley have been serving as informal leaders of FHA and Ginnie Mae, respectively, for months.

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Ginnie MBS Issuance Down in July as Refinances Retreat

By: ameer@trustedteam.com

Issuance of Ginnie Mae mortgage-backed securities in July declined slightly from the previous months due to a slowdown in refinances. (Includes two data tables.)

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MLS Now to add Rayse client transparency platform

By: ameer@trustedteam.com

Rayse provides a client-facing space for agents and clients to remain connected throughout the transaction — logging every update.

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Trump’s GSE stock offering plan challenged by analysts

By: ameer@trustedteam.com

The valuation and timeline are seen as overly optimistic, with some estimates at half the proposed figure ahead of a planned IPO this year.

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Tech Pulse: ICE integrates with Freddie Mac, AI Summit welcomes experts

By: ameer@trustedteam.com

ICE Mortgage Technology has integrated Freddie Mac’s AIM Check API into its Mortgage Analyzer for faster, AI-powered income verification.

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