Navi Persaud is Director of Events at NMP.
The reverse mortgage sector has remained strong accounting for more than 4,000 loans a month, according to Reverse Mortgage Daily, however, growing the business further has been on the back burner.
The Consumer Finance Protection Bureau published a report which briefly shows that credit applications across a number of loan types, including mortgages, are mostly back to pre-pandemic levels.
While nationwide home inventory was down nearly 20%, the Northern Virginia Association of Realtors reported that inventory is up 31% for the region.
The Federal Housing Finance Agency's House Price Index was up 1.7% in May from the previous month and up a whopping 18% from the same time last year.
The Intercontinental Exchange, Inc. made enhancements to its mortgage prepayment model with daily residential mortgage rates from ICE Mortgage technology.
Newrez LLC enhanced its Dream Big and non-qualified mortgage product suites with the launch of new adjustable-rate mortgage loan products.
Freddie Mac named Jerry Mauricio as its senior vice president and chief compliance officer.
The Federal Housing Administration announced additional COVID-19 recovery options to help both forward and reverse homeowners who are facing hardships as a result of the pandemic.
Angel Oak Mortgage Solutions added four new account executives to its team and also announced the return of two previous account executives.
Barry Habib, founder and CEO of MBS Highway is returning to the Mortgage Leadership Outlook on Wednesday, July 28 at 10 AM ET.