Despite a raft of what might seem like contradictory economic data points and a challenged housing market, the reverse mortgage industry largely proceeded as normal based on key performance metrics for May 2025. Home Equity Conversion Mortgage (HECM) endorsements dropped by 1% in May to 2,296 loans, despite recent increases in the expected interest rate […]
Reverse mortgage performance was largely steady in May Read More »
Glenn Kelman’s wife was starting to get worried. The Redfin founder and CEO’s behavior was unusual lately. He was staying up late into the night exchanging texts with someone. But there was no other woman. Kelman was group texting Varun Krishna, the CEO of Rocket Companies, and Jay Bray, the CEO of Mr. Cooper. They
‘It was love at first sight!’ Inside Rocket’s pursuit of Redfin, Mr. Cooper Read More »
Discussions about the impact of artificial intelligence (AI) have dominated conversations on stage at HousingWire‘s The Gathering. But there seems to be little common ground as some lenders are excited for the chance to scale their businesses to new heights by taking away menial tasks, while others are concerned about information security and job insecurity.
UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lending Read More »