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Atlas VMS’s Erik Morin on HECM second appraisals, AIM-Port acquisition

Like other segments of the broader housing industry, the appraisal space is rapidly evolving through consolidation, technology adoption and federal policy shifts. Reverse mortgage professionals should be mindful of these factors as they work with appraisers to close deals. Erik Morin, CEO of Miami-based Atlas VMS, a Miami-based appraisal management company (AMC) and technology platform, recently sat...

RHOM star Alexia Nepola buys $5.25M villa at the Ritz-Carlton Miami Beach — with ex Todd Nepola

Even with The Real Housewives of Miami currently on pause, Alexia Nepola clearly isn’t stepping away from the spotlight. The longtime Bravo star just purchased a $5.25 million villa at the The Ritz-Carlton Residences, Miami Beach — and in true Housewives fashion, the story comes with a twist. Her ex-husband Todd Nepola represented her in the transaction. And honestly, it already sounds like a...

U.S. Mortgage Rates Rise as Iran Conflict Fuels Inflation Fears

U.S. mortgage rates moved higher this week as escalating geopolitical tensions in the Middle East and renewed inflation concerns rippled through global financial markets, adding fresh pressure to an already strained housing sector. According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average rate on a 30-year fixed mortgage climbed to 6.51% for the week ending May 21, up from 6.36%...

Housing demand stays firm, pushing inventory close to negative YOY

It’s been a day full of news about a possible peace deal with Iran, which would be great news for housing. However, even though mortgage rates have risen due to the conflict lasting longer than anyone initially thought, housing demand has held up, and housing inventory is now on the verge of going negative year over year in our weekly single-family listings data.  Housing inventory going negative...

As HEI regulations expand, states debate loan classification

As states take varying approaches to regulating home equity investment (HEI) products, the industry faces an increasingly fragmented legal landscape shaped by consumer protection concerns and uncertainty over whether the products should be treated as mortgage loans. Under an HEI, homeowners receive upfront cash in exchange for a share of the home’s future value, typically repaying the investment when...

HouseAmerica Financial joins All Western Mortgage 

National mortgage banking company All Western Mortgage (AWM) announced on Thursday that HouseAmerica Financial has joined the company as it continues its national expansion. HouseAmerica Financial, based in La Cañada, California, produces about $500 million annually in mortgage volume, according to the announcement. The company is led by mortgage executive Alan Pezeshkian, who has more than 30 years of...

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