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The Reverse Mortgage Lenders With The Most Consumer Complaints In 2023

There were a total of 361 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) related to the reverse mortgage industry during the calendar year 2023, according to a consumer complaint database maintained by the Bureau. Of those complaints, 167 had to do with “trouble during the payment process,”

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Here Are The Markets With The Most Baby Boomer Homeowners

A Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) requires a borrower to be at or over the age of 62 to qualify for a loan, making baby boomers most of the new qualifying candidates for a HECM. A new report from Construction Coverage sourced by its researchers and

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Pending Home Sales Surged In December: NAR

Pending home sales rose 8.3% month over month in December, according to the newest data from the National Association of Realtors (NAR). It was the largest monthly jump in pending home sales since 2020.  NAR’s Pending Home Sales Index (PHSI) increased to 77.3 in December, up from 71.6 in November.

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Nevada Plaintiff Adds 15 Brokerages To Commission Suit

Nevada’s unusual commission lawsuit is no longer so unusual. When the copycat commission suit was initially filed in early January by Nevada home seller Nathaniel Whaley, the complaint named just Realtor associations and MLSs as defendants, making it stand out from the spate of other commission suits. But all of

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