Author name: Ricky Vasquez

A federal judge has tossed a class action complaint scrutinizing how the industry’s biggest lender handles its retirement savings plan.  Processing Content U.S. District Judge Susan K. DeClercq sided with United Wholesale Mortgage this week in ruling against former account executives who alleged mismanagement of the massive retirement fund. The decision squashes the case at […]

August’s new home sales rebound came with a catch for homebuilders: It is taking more price, more incentive and more affordability engineering to move buyers from the sidelines. Sales of newly built single-family homes rose 6.4% from July, but remained 2.0% below their year-ago pace, according to U.S. Census Bureau data released Thursday. Year-to-date sales

Credit unions have significant room to expand their reverse mortgage offerings as their memberships age, according to panelists who presented this week at the American Credit Union Mortgage Association (ACUMA)’s annual Make Your Mark conference in Las Vegas. Ron Kamler, president and CEO of Alliance Reverse Mortgage, and Brandon Bartholomew, mortgage sales manager at Mountain