Home sales stay surprisingly positive even with higher rates

The weekly home sales data for last week was a big surprise. If someone had told me at the beginning of the year that we would have mortgage rates fluctuating between 6.64% and 7.25%, trade war escalations, stocks slipping into bear market territory and confidence data collapsing — I would think housing demand would be negative year to date and year over year. Yet, amid all those conditions, our...

NRMLA announces 2025 western, annual meeting details

Less than two weeks ahead of its first in-person meeting of the year, the premiere trade association for the reverse mortgage industry has announced preliminary details for both its upcoming regional meeting and its annual meeting and expo slated for later this year. The National Reverse Mortgage Lenders Association (NRMLA) announced in a member update this week that the 2025 edition of the annual event...

Trump administration eyes deep cuts to Section 8 housing vouchers

The White House is considering sweeping cuts to federal housing assistance programs, including the Section 8 voucher system, in a move that could leave millions of low-income families without rental support, The New York Times reported Thursday. According to the Times, President Donald Trump and administration officials have discussed the dismantling of existing aid that would be replaced with a smaller...

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...

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