Equity Release Council reappoints Burrowes as chair   

By: ameer@trustedteam.com

The Equity Release Council has confirmed David Burrowes as its chair and made another board appointment to the industry body, which represents lenders, qualified financial advisers, solicitors, and intermediaries.   ...

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The Federal Reserve delivers lower rates for Christmas

By: ameer@trustedteam.com

Mortgage rates and the 10-year yield What a crazy week! Not too long ago, on jobs Friday, I was on the HousingWire Daily podcast saying it’s time to declare war...

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Bipartisan bill on trigger leads wins industry support

By: ameer@trustedteam.com

Multiple mortgage industry groups are backing the latest bill aimed at curtailing trigger leads, which Sen. Jack Reed, D.-R.I., introduced this week with Sen. Bill Hagerty, R.-Tenn., as a...

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Fannie Mae expands of attorney opinion letter use

By: ameer@trustedteam.com

An influential government-related mortgage investor is expanding the use of a title insurance alternative for loans on condominium units and certain other properties, and they're getting new pushback.The new...

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Real estate tech firm Prevu raises $6 million in Series A

By: ameer@trustedteam.com

Real estate tech firm Prevu announced a Series A financing round Thursday of $6 million. Citi, RiverPark Ventures, Metropolis Ventures, Simplex Ventures, Winklevoss Capital and Liebenthal Ventures invested in...

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Movement accuses Summit founder Todd Scrima of corporate espionage

By: ameer@trustedteam.com

L. Scott Bruggemann, senior vice president and general counsel at Summit, wrote in an emailed response to HousingWire that, at this time, the company “does not have anything to...

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PNC, U.S. Bank closed roughly one in 10 branches in 2023

By: ameer@trustedteam.com

The overall pace of bank branch closures slowed in 2023, but certain banks still slashed the size of their brick-and-mortar networks substantially. U.S. banks closed 2,118 branch locations between January...

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Success in 2024 depends on using 2023’s lessons

By: ameer@trustedteam.com

The mortgage industry took it on the chin in 2023, with many of those same factors hurting it now likely to affect next year's profitability.That includes the Fed's own...

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Senior-held home equity rises in Q3 to over $13 trillion

By: ameer@trustedteam.com

Senior-held home equity rose for the second consecutive quarter in Q3 2023, after reductions observed in Q4 2022 and Q1 2023. Senior housing wealth grew by an estimated $178.4 billion...

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MBA signals more reverse mortgage activity in 2024

By: ameer@trustedteam.com

The Mortgage Bankers Association (MBA) is looking ahead at more potential reverse mortgage activity in 2024, according to a statement from Bob Broeksmit, its president and CEO. Speaking to HousingWire...

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