Tennessee has enacted a new state law that opens up originations for proprietary reverse products. Processing Content Approved in both state chambers this spring, the Tennessee Reverse Mortgage Innovation Act was signed into law in late May by Gov. Bill Lee. The act effectively changes language found in previous legislation, which restricted reverse lending to […]
Tennessee legalizes proprietary reverse mortgages Read More »
Current homeowners looking to sell during May posted at prices 2.4% lower than one-year prior, the steepest decline since 2017, according to Realtor.com Processing Content This came as pending sales increased for a sixth straight month. It was also the best May for new listings since 2022, with a 2.1% annual increase. Sellers are doing
Home list prices fall at fastest rate since 2017 Read More »
Key insight: As the Trump era banking agenda rolls on, a holdover appointee from the Biden administration says the benefits are not being evenly distributed. Expert quote: “The share of executive compensation as a share of revenue went up by 18% from last year and the share buybacks are up 66%. That’s not benefiting communities
Fed’s Barr: Regulatory relief increased big bank profits, not lending Read More »