As reverse mortgage industry professionals continue to look ahead into 2024 after enduring a challenging year for business in 2023, the prevailing attitude is optimistic. Recently, the president of the industry’s leading lender discussed her eagerness to go back on “offense” this year, while loan originators across the country also shared that business seems to […]
The housing market is heating up as the spring buying season approaches. Well-priced homes are selling fast, often within 29 days, and that time frame is bound to shorten as the shopping season opens, according to Zillow’s January market report. Meanwhile, other homes are lingering on the market for months and driving up the typical […]
CoreLogic is expanding its strategic alliance with Google Cloud, the company announced on Wednesday. The data provider will leverage the artificial intelligence capabilities of Google Cloud’s enterprise AI platform, Vertex AI. The new phase of the collaboration will help CoreLogic make the most of its property datasets by leveraging new machine learning models. The integration […]
Pueblo County, Colorado, which encompasses an estimated population of about 170,000 people in and around the city of Pueblo, is sounding the alarm over potential fraud by creating a new alert system designed specifically to protect property owners. The announcement was made by the Pueblo County Clerk and Recorder’s Office and reported on by the […]
Mortgage demand was weaker last week as interest rates moved higher across the board. Mortgage applications decreased by 2.3% on a seasonally adjusted basis during the week ending Feb. 9, according to the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey. “Purchase applications remained subdued as elevated rates continue to add to affordability challenges along […]
The rapid collapse of four regional banks that began last March shocked regulators and investors alike. The banks had courted high-net-worth clients working in speculative tech and crypto startups in Silicon Valley, while also tying up a large portion of the banks’ assets in Treasury securities. When interest rates shot up, their customers needed cash […]
Gate House Strategies, a financial services and affordable housing advisory firm formed in 2021 by former U.S. Department of Housing and Urban Development (HUD) deputy secretary Brian Montgomery and his partners, announced this week the launch of a new subsidiary that will offer its expertise to financial services firms seeking fair lending and other compliance […]
Jeremy Foster, founder and chairman of Calque Buying a home today can be stressful and fraught with complicated issues, such as contingencies requiring the buyer to sell their current home before qualifying for the home they want to buy. Buy before you sell (BBYS) products may be the answer. Jeremy Foster, founder and chairman of […]
The U.S. Department of Housing and Urban Development (HUD) announced a series of new relief measures for residents of the state of Hawaii. One measure is targeted specifically for the island of Maui — which endured a devastating wildfire last year that destroyed the town of Lahaina — while the other is designed to expand […]
In early 2022, real estate listing giant Zillow began discussing its visions for a “Housing Super App.” After initial confusion and skepticism over the app, Zillow’s vision has slowly become clearer. On Tuesday, roughly two years since Zillow first announced it, the firm’s CEO and co-founder Rich Barton said the Super App is here. “It’s […]
In January, the number of properties with a foreclosure filing inched up on both a monthly and a yearly basis, according to a report released Tuesday by Attom Data. In total, 33,270 U.S. properties received a default notice, were scheduled for auction or were undergoing bank repossession last month, up 10% from December and up […]
New York-based mortgage lender Logan Finance Corp. named Sarah Gonzalez as its chief operating officer. Gonzalez will be in charge of planning and executing the lender’s objectives and initiatives, according to her LinkedIn profile. She brings more than 25 years of experience in the mortgage industry to her new position. Gonzalez’s most recent position was at […]
Fintech Sagent has hired Geno Paluso, a retired U.S. Navy captain serving as the vice president of business development for multinational firm BAE Systems, as its new CEO. Effective Monday, Paluso succeeded Dan Sogorka, who will remain with the company as an adviser before transitioning to a new opportunity, the company announced Tuesday. Paluso is transitioning from BAE […]
