The Consumer Financial Protection Bureau (CFPB) last month issued an enforcement order against former Home Equity Conversion Mortgage (HECM) servicing contractor NOVAD Management Consulting and subcontractor Sutherland Global for what the bureau called “illegal activities that harmed older homeowners and caused them to fear losing their homes.” An attorney said the decision could have broad...
After the reverse mortgage industry’s key performance metrics rallied in May, June fared slightly worse than previously telegraphed by case number assignments. Home Equity Conversion Mortgage (HECM) endorsements fell by 14.4% in June to 2,105, while HECM case numbers for May dropped 7.9% to 3,214. This is according to data compiled by Reverse Market Insight (RMI). Meanwhile, HECM-backed Securities...
Editor in Chief Sarah Wheeler sat down with Consumer Financial Protection Bureau Director Rohit Chopra for a podcast this week and the talk turned to technology and tech companies. This interview has been edited for length and clarity. Listen to the whole episode here. Sarah Wheeler: Let’s talk about technology’s role in making these things easier for even smaller lenders. To that point, let’s...
Limited inventory and high mortgage rates continue to push home prices higher, but the pace of growth is starting to slow down. That’s according to the monthly home price index report from CoreLogic, which shows that U.S. home prices grew by 4.9% year over year in May. That was the lowest yearly rate of appreciation since October 2023. The index was up 0.6% percentage points compared to April....
Amid the greenery of suburban Maryland, Legacy at Twin Rivers is an unassuming apartment building, with clean, modern design and a pleasant landscape that you might mistake for any new, market-rate rental property in the area. And that’s the point. At a time of skyrocketing housing costs, rising interest rates, and pressures on renters and housing providers alike to control costs, this 153-unit...
In the upscale community of Lido Shores in Sarasota, Florida a 5-bedroom home has set a new record for the neighborhood. The property at 1325 Westway Drive, a 2011-built contemporary home — inspired by Sarasota’s School of Modern Architecture and the international modern architecture of Brazil — traded hands in a $12.5 million, all-cash deal. The $12.5 million sales price marks a new record...
Mowing when your grass is too dry can damage it. Use these smart tips to properly care for your lawn through drought. Alina Rosanova / Getty Images Grass demands mowing at least once a week during spring and summer in most regions. But should you mow when an extended dry period hits and your lawn goes from lush and green to dry and crispy? If you're relying on rainfall, it may be best to take a...
Our Test Kitchen pros reveal the three best and four worst ways to cook salmon skin, then walk you through how to score that perfect sear. Jennifer Causey. Food Styling: Chelsea Zimmer. Prop Styling: Mindi Shapiro As long as a fish has been raised in safe waters, is fresh or was frozen swiftly after it was caught, has been properly cleaned, and has had its outer scales removed, all types of fish...
Nothing says summer like chocolate, marshmallow, and graham cracker—and now, you can add those classic flavors to your mornings. ' title='dunkin' smores cold brew, frozen coffee, and donut'> Dunkin' Got a little deja vu? Dunkin’ already launched its summer menu back in May—but in case your cravings weren't satisfied the first time around, a second round of new summer drinks and treats is...
The right wood color can easily transform a space. Before updating your floors, learn more about the color, tone, and grain of each wood variety. Julie Soefer When updating hardwood floors, selecting the right wood color is crucial for achieving the desired look and feel. Floor wood colors can influence the ambiance, aesthetic, and overall design style of a room. Whether you lean towards light,...
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