2025

Assessing the reverse mortgage technology landscape

Reverse mortgages have a minimum age requirement that serves as a key differentiator for the product. But it also leads to questions about how much — or how little — technology tools can or should interact with the business. But things seemed to take a step forward last week when one of the leading lenders in the space, Fairway Independent Mortgage Corp., announced that it was implementing hybrid...

6 charts that show storm clouds brewing over the spring homebuying season

The housing market is facing unprecedented uncertainty and volatility headed into the spring buying season. Recent reports and data signal that the impacts are setting in. Homebuilders D.R. Horton and KB Homes held earnings calls this week, and the results aren’t great. In the first quarter of 2025, KB Homes took a $334 million loss in cash resulting from operations. Net sales orders and home sales...

U.S. Homes Sold at Slowest Pace in 6 Years in March, Demand Sluggish

Homes Take Longer to Sell as Price Growth Decelerates New data from Redfin reveals that the typical U.S. home that went under contract in March 2025 spent 47 days on the market -- the longest median time for any March since 2019. By contrast, homes were selling in less than half that time during the height of the pandemic's homebuying surge. March 2025 marked five years since COVID-19 was declared a...

Lawyers at major firm sound off on reverse mortgage issues

An international law firm with more than 1,600 attorneys active across 32 U.S. cities and in London recently released a podcast episode entirely about the legal complexity — and overlooked details in litigation — of reverse mortgages. Troutman Pepper Locke LLP is estimated to be one of the 50 largest law firms in the U.S., and releases several podcasts, including one called “The Consumer Finance...

DOGE places entire staff of homelessness agency on leave

The entire staff of the U.S. Interagency Council on Homelessness (USICH) has reportedly been placed on leave at the behest of DOGE, the government cost-cutting arm inside the White House led by billionaire Elon Musk. This is according to reports published by Bloomberg and NPR. The move reportedly occurred on April 15, with all 13 USICH staff members being notified by its acting director that they will...

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