Author name: Ricky Vasquez

HECM for Purchase has been grounded. Reverse mortgage pros are trying to give it wings

Home Equity Conversion Mortgages (HECMs) have long been the gold standard product set for reverse mortgage originators, but they became a minority share of the market earlier this year as proprietary loan volume exceeded HECM volume in the first quarter of 2026. While private-label reverse mortgages offer advantages like lower upfront costs and larger loan […]

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Tepid spring selling, strong headwinds buffet builder confidence

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index released on Monday found that homebuilder confidence remained low, falling two points to 35 in June. This marked the 14th straight month that confidence was below 40, the longest streak NAHB has recorded since 2011 to 2012, in the wake of the Great Financial

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Copperlane targets mortgage inefficiencies with AI loan officer

As lenders weigh how to adopt artificial intelligence under evolving fair lending and compliance expectations, Copperlane is pitching a full-fledged AI “employee” rather than another point solution. The startup, founded by 21-year-olds Athan Zhang and Brianna Lin, recently raised a $4.1 million seed round to build Penny, which the company describes as an autonomous AI

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