Following other recent proprietary product development news, Longbridge Financial announced on Friday the launch of a new variation for its private fixed-rate reverse mortgage offering. The Platinum Peak product suite aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, according to the announcement. The Peak variation also...

Reston, Virginia-based mortgage software company RETR announced this week that it has hired two new senior leaders to guide the company’s growth efforts. Heidi Iverson is the company’s new vice president of growth and Anthony Savala is the new vice president of sales. Both are joining the firm effective April 7, RETR co-founder and CEO Steven Wynands said. “We feel so lucky that Heidi and...

Chip Stella, one of the broker-owners of Wellesley, Massachusetts-based Rutledge Properties, was not having the greatest start to his Friday morning.  “I got off the phone about 30 seconds ago from a call with one of my agents. We had a listing with a buyer under contract at $5 million, and he made the call this morning that he is pulling out, and it is specifically over his current ability to...

An illustration of a mortgage executive losing a top-producing LO who wishes to become a 1099 LO. Illustration made with ChatGPT A source called with what sounded like big news. One of the bigger players in the wholesale space was soon going to require that all broker LOs be paid as W2s. Doing so would close what he described as the “1099 loophole.”It turned out not to be true (nothing has changed...

Industry pros say these kitchen updates have the biggest return on...

This Trending Now story features the most-saved home office photos uploaded to Houzz between Dec. 15, 2024, and March 15, 2025.Whether working remotely or managing household tasks, everyone needs a quiet spot to concentrate at home. But while individual needs may...

Image Lodging/resorts REITs specialize in the ownership of hospitality properties, including hotels, resorts, and vacation...

According to the latest Primary Mortgage Market Survey from Freddie Mac, the average rate for a 30-year fixed-rate mortgage in the U.S. currently stands at 6.64% as of April 3, 2025. Sam Khater "Over the past month, the 30-year fixed-rate has remained relatively stable, with only minor fluctuations. This consistency is encouraging, and we're seeing a corresponding increase in purchase application...

President Donald Trump ended months of suspense on Wednesday by announcing his long-awaited new tariff regime, and the result is mixed for homebuilders. The good news is Trump didn’t place any new tariffs on goods from Canada or Mexico. He’s also allowing the one-month pause on tariffs for some goods from those countries to continue, with an unspecified end date. The bad news for homebuilders is...

A lawsuit over rights to reverse mortgage-backed collateral stemming from the collapse of a major industry lender has been brought to an end with a summary judgment, but the plaintiffs in the case have vowed to appeal the decision. The suit was filed by Texas Capital Bank (TCB) against Ginnie Mae in late 2023. The bank alleged that Ginnie Mae had “extinguished, in return for no consideration, TCB’s...